- 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.
Once this sideway range is over
$87,000 – $88,000 will be next
Patience, the super cycle is loading.
— Doctor Profit 🇨🇭 (@DrProfitCrypto) September 11, 2024
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.
Read CRYPTONEWSLAND on
google news
Crypto News Land, also abbreviated as “CNL”, is an independent media entity – we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
