Bitcoin (BTC) bears are on the verge of surrendering, according to a well-known analyst. Cred, who has a large following on X, claims that if BTC can close above $64,000 on a weekly basis, it will mark a significant shift in the market structure from bearish to bullish. He explains that a close above this level would be the first bullish break in a while. Cred outlines two possible scenarios if BTC surpasses $64,000: a strong rally without a pullback or a retracement followed by a bullish higher-low setup. Another crypto strategist, DonAlt, also believes that BTC bears are about to be proven wrong. As of now, Bitcoin is trading at $63,727.
