Bitcoin has fully reversed to the bullish flag side taking BTC price past the $60,000 mark.
BTC is now over $62,000 and a reputed crypto analyst says it will continue past $72,000.
He says once BTC breaks $74,000 then the BTC price will have no trouble hitting $80,000.
Bitcoin (BTC) is up over $60,000 taking market sentiment and the value of altcoins up with it too. Presently, Bitcoin price is over $62,000 and most seasoned crypto analysts are convinced that the BTC bottom is in and what’s next is all bullish upward trends.
In particular, one long-time trader known for his accurate predictions for Bitcoin and altcoins in the crypto market Doctor Profit makes a statement and another prediction. To start off, he shares a new chart and highlights the white line.
#Bitcoin white line is key, resistance which will turn to support very soon. Since 54k I tell you bottom is inI am confident we will close above it, if not today, then in the coming days. No new lows are expected. We will close above and continue towards 66-67k next pic.twitter.com/7KFYb8XtPt
— Doctor Profit (@DrProfitCrypto) July 14, 2024
As we can see from the post above, he highlights how the Bitcoin white line is the key. He says that this marks resistance which will eventually turn into support soon. He also marked that $54,000 was the bottom as he mentioned before.
Having said that, he expresses his confidence that Bitcoin (BTC) price will close above the white line in the coming days if not today. He also adds that no new lows are expected for Bitcoin (BTC) and is adamant that the asset will close above and continue its upward trajectory towards the $66,000-$67,000 price mark.
The next time we touch 72-74k regionIt wont be rejected like in the pastWe will see a breakout to 80k easilySo far 4 rejections, fifth is breakout pic.twitter.com/Cbqi555YCr
— Doctor Profit (@DrProfitCrypto) July 14, 2024
Adding on to Bitcoin’s bullish narrative, Doctor Profit shares another bullish prediction. Here, he says that the next time Bitcoin (BTC) price reaches the $72,000 to $74,000 price mark it will not be rejected like earlier this year when BTC set a new ATH.
Instead, says Doctor Profit, the price of BTC will continue to climb upward and print a breakout to $80,000 with ease. He also says that BTC has made 4 rejections so far and this upcoming fifth wave will lead to a price breakout taking Bitcoin to new highs.
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The post Bitcoin Breaks $62,000, Reputed Analyst Says BTC Will Surpass $74,000 to Enter $80,000 Target Next appeared first on Crypto News Land.
