Silver-tongued analyst known for his accurate predictions sets new ATH target for Bitcoin.
He says that BTC will hit $87,000 – $88,000 price high after sideways movement ends.
This new high will usher in the start of the long-awaited super bull run.
Bitcoin (BTC) has returned to the $58,000 range giving hope to many analysts that the expected price dip to the $40,000 level is no longer a likely option. While many expected one last BTC price dip before hitting new ATH for Bitcoin and altcoins, some believe the bottom for September is already printed.
https://twitter.com/DrProfitCrypto/status/1833938404079435805 Bitcoin Eyes Next ATH Price Target
As we can see from the post above, Doctor Profit believes that Bitcoin (BTC) is currently in a long sideways movement. He believes that this sideways movement will play out within a box from $53,000 and $64,000. He tells traders to believe in this box and once BTC price breaks out of this box on the higher end, the sideways range will come to an end.
In fact, Doctor Profit also shares that once the sideways movement is over, the price of crypto will set a new ATH between the $87,000 and $88,000 range. He believes that when BTC price reaches this level then that will start the start of the long-expected super cycle.
The Super Bull Cycle Offers Two New BTC ATHs
This bodes well with Lark Davis’ observation marking how BTC is yet to set a new ATH based on inflation prices, meaning BTC must break $80,000 for a new ATH. Doctor Profit, in particular, has been preaching the arrival of a super cycle for this ongoing bull cycle since late last year.
He believes this cycle will take the price of crypto to phenomenal highs. Doctor Profit went on to share three bull top targets for the supercycle with $111,000 and $220,000 being the other cycle top targets for BTC price. All in all, Doctor Profit is known for his many accurate predictions so far and many hope he will be right once again.
The post Analyst Reveals Next Target for Bitcoin Between $87,000 and $88,000, This will Usher the Start of the Super Bull Cycle appeared first on Crypto News Land.
