Analyst's surprising Bitcoin (BTC) comment: The target is too high!

The famous crypto expert made his followers happy with his Bitcoin ($BTC ) price target.

#Bitcoin (BTC) tested $ 58,000 again. However, the fact that it has not yet closed above this level makes analysts nervous. While many crypto investors expect a price drop in Bitcoin, some believe that the bottom has already been seen.

Doctor Profit believes that Bitcoin (BTC) is currently in a sideways movement. He believes that this sideways movement will occur between $ 53,000 and $ 64,000. The famous analyst emphasizes the importance of this range and thinks that a breakout will be important in determining the direction

Doctor Profit believes that when the sideways movement ends, the Bitcoin price will make a new ATH between $ 87,000 and $ 88,000. According to the analyst, if BTC reaches this price range, a super bull cycle may begin.

Crypto expert Doctor Profit has been predicting a supercycle for this ongoing bull cycle since the end of last year. He believes that this cycle will take Bitcoin prices to extraordinary heights. Doctor Profit continued to share three bullish peak targets for the supercycle, with other cycle peak targets for #BTC being $111,000 and $220,000.

While the majority of investors do not think that Bitcoin will exceed $200,000 this year, they do think that it will reach $100,000. The Fed rate cuts and the US presidential election in particular support these predictions.