Although BTC’s recent unimpressive price actionThe crypto analyst, Doctor Profit, has expressed his optimism for Bitcoin and the crypto market in general. Analysts also suggested that the market is a parabolic move was imminent Crypto investors need to position themselves appropriately.
The Crypto Market Prepares for A “Third Industrial Revolution”
Doctor Profit is mentioned on X (formerly Twitter). post Crypto market “is preparing itself for the third Industrial Revolution,” Thus, Bitcoin’s trend is expected to reverse. altcoins Soon enough. “Be part of it, or regret for [a] lifetime,” The crypto analyst warned investors not to miss this rally.
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Previous X postThe Doctor Profit website gave a good idea about what the future holds for Bitcoin and other crypto markets. next leg up. After trading in the range of $60,000 to $72,000, he said that the crypto’s flagship will reach $84,000. He said that the flagship crypto will rise to $84,000 after it has finished trading in the sideways range between $60,000 and $72,000. X postHe said that after Bitcoin hit $72,000, the supercycle would begin.
Nevertheless, Dr Profit claims that these price changes are not unusual and occur regularly. each crypto cycle. Further, he said that price changes of 10-20% were not big. Alex Thorn is the Head of Research for Galaxy Digital. previously warned The bull market wasn’t “straight lines up.”
Bitcoin is in the Re-Accumulation Period
In a recently X (formerly Twitter). postRekt Capital, a crypto analyst, confirmed today that Bitcoin currently is in the Reaccumulation phase. This occurs following the Bitcoin Halving. He added that “the goal is for Bitcoin to go sideways and catch a break, to allow the market to cool down after [a] Amazing Pre-Halving prices.
Rekt Capital claims that this is the case. Re-Accumulation period Can last multiple weeks “and even up to 150 days.” According to the analyst, once this phase is complete, Bitcoin will break out of this range and experience a upward movement. parabolic uptrend.
The following is a list of the most popular ways to contact us uptrend phase It is believed to continue for more than a year. Rekt Capital stated that this trend could shorten due to the possibility of an accelerated cycle. Tom Dunleavy is a Partner at MV Capital and the Chief Investment Officer. predict The flagship cryptocurrency will reach a value of $100,000 at that point.
Bitcoin’s price is currently around $64,360. This represents a rise of about $24 in the last day. data CoinMarketCap.
Source:| Source: BTCUSD on Tradingview.com
Featured picture from Kapersky. Chart by Tradingview.com
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