Doctor Profit, a cryptocurrency expert, continues to believe that Bitcoin‘s price will rise based on his analysis. He thinks the digital currency market may bounce back following Bitcoin’s latest halving.
In Doctor Profit’s assessment and forward-looking perspective on this market, if digital currency reaches new height records, it is likely to follow this pattern.
Around the 14th and 15th of March, I mentioned that #Bitcoin would begin to reverse course and instead of continuing upwards, a correction down to approximately 60k was imminent. This correction occurred as anticipated. Currently, we’re seeing price action within a sideways range between around 72k and 60k. Following this sideways phase, we can expect the price to rise again, potentially reaching around 84k.
— Doctor Profit 🇨🇭 (@DrProfitCrypto) April 20, 2024
Doctor Profit has noticed Bitcoin’s price reversal around March 14-15. Previously, we have been moving back and forth between $72,000 and $60,000. The upcoming milestone is projected to be approximately $84,000, demonstrating the accuracy of his earlier prediction.
According to Dr. Profit’s recent cryptocurrency analysis, it’s important to consider technical factors, supplying liquidity, and existing market conditions. The presence of a solid resistance level combined with a robust funding rate suggests potential for price increases.
To highlight the point that currencies can bounce back from declines, Dr. Profit advises us to remain calm when markets appear weak, using past occurrences like bans or crashes as examples. He identifies positive indicators such as increased investment in USDT and growing market interest, which he believes signal an impending bull market.
Doctor Profit shares the common belief that the market will experience significant growth, despite temporary price changes. He emphasizes his confidence in this trend based on his comprehension of the present trading pattern, and offers suggestions for profitable investments accordingly.
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2024-04-21 13:56