A popular crypto strategist says he still expects Bitcoin to ignite a strong cryptocurrency rally by the end of the year, noting that the current bearish price action is designed to shake traders out of the market.

Pseudonymous analyst Credible tells his 328,200 Twitter followers that the king crypto is going through its last corrective phase before it skyrockets above $100,000 by 2023.

“Mid-cycle corrections are designed to shake you out, and they’re quite effective. Just ask the guys who sold BTC under $10k during the March capitulation event before BTC ran 1,500%. Patience. [High timeframe] structure remains intact. It’s really quite simple.”

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