Analyst: Next impulse could lift Bitcoin price to $100,000

He highlighted Bitcoin's previous momentum, which saw the price of the leading cryptocurrency rise from $38,514 to $73,805. Notably, this first impulse lasted 50 days, with a 91% increase recorded from January 23 to March 13.

Subsequent impulses should be even more aggressive, and we are trading at 64 thousand. Our next impulse could lead to 100 thousand within 30 days, and we still have about 6 months left until the end of the year - Credible Crypto (CrediBULL Crypto). 

Credible Crypto's forecast is based on Elliott Wave theory, which is popular among technical analysts when analyzing trends. According to the theory, a bull market consists of five waves, three of which are “impulse”. Typically, the third wave is the most aggressive and provides increased profits in a shorter time frame.

Given that Bitcoin is currently trading around $64,260, a rise to $100,000 would represent a 55% gain in value, but the $100K level represents a psychologically important resistance and a target that many investors have been waiting for a long time. This could create selling pressure in this price zone, slowing down the third wave.