Bitcoin (BTC) is heading towards the super cycle phase of the crypto bull cycle.
Silver-tongued crypto analysts, Doctor Profit, says that a new cycle ATH is coming.
He believes the most bullish scenario will yield a BTC ATH of $220,000 this bull cycle.
As the crypto market surges unfettered, the price of Bitcoin (BTC) is almost at the $70,000 mark and analysts expect Bitcoin to break past its previously set ATH of $73,737. In particular, many expect BTC to pump towards $80,000 and race ahead to set higher highs during what they expect to be Bitcoin’s new price discovery phase.
In particular, one crypto analyst’s predictions stand out over the rest. This is because Doctor Profit has made more accurate crypto market predictions so far over inaccurate ones. To raise expectations once again, Doctor Profit has just shared his latest Bitcoin (BTC) weekly report.
#Bitcoin – What's Next?The Big Sunday Report: All You Need to Know Technical Analysis (TA), Lifecycle Analysis (LCA), and Psychological InsightsToday, we look into each Bitcoin cycle we've witnessed to date, which explains you the current Bitcoin price. Every price range… pic.twitter.com/sBfa5dPzPP
— Doctor Profit (@DrProfitCrypto) July 28, 2024
As we can see from the post above, Doctor Profit’s latest Bitcoin report explores what’s next for Bitcoin. To specify, the report covers Technical Analysis (TA), Lifecycle Analysis (LCA), and carries psychological insights.
To start off, Doctor Profit gives a brief example of how his previous predictions have played out perfectly. To highlight, he advised holders to exit crypto in 2021 when BTC was at the $60,000 range and this was followed by a crash to $18,000 BTC price. Following this he advised buy the bottom Between $16,000 and $18,000.
Then came the pre-bull phase when Bitcoin price climbed up from $20,000 to almost $40,000 helped by the BTC ETF bandwagon. After this came the second pre-bull run phase where the BTC ETF excitement took the BTC closer to $50,000.
Next, Doctor Profit predicted Bitcoin’s rise to $74,000 where the golden bull phase began. He also called the major dips within this phase of the Bitcoin bull cycle. Now, he draws the crypto market attention to what’s coming next, the super cycle.
He says this phase will see price pumps of 10%-30% on the daily and the first target for Bitcoin (BTC) price in this phase is $86,000. He says higher targets in the least bullish scenario will see BTC price between $110,000 and $120,000. However, in the most bullish scenario he predicts BTC price to hit a new cycle ATH between $180,000 and $220,000.
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The post Bitcoin (BTC) ATH of $220,000 Approaches as the Crypto Super Cycle Begins, Silver-Tongued Analyst Explains appeared first on Crypto News Land.
