- Bitcoin (BTC) prepares to welcome what could be the biggest bull run ever.
- Analyst observes a bullish cup and handle cascade on the BTC chart.
- Sets new ATH target of $230,000 this bull cycle.
In an unexpected turn of events Bitcoin (BTC) dipped back to the $67,000 price level. While this may have come as a surprise for some crypto traders, many crypto analysts anticipated the dip as either a short healthy correction or a market shakeout to shake off the few stragglers before what many expect to be the biggest bull run ever to kick off.
Biggest Bull Run Ever?
One such insightful analyst who predicted the dip accurately again was the silver-tongued analyst Doctor Profit. As we can see from the post above, Doctor Profit shared with his premium users of the dip saving many from losses and advised many to buy the dip as Bitcoin (BTC) is expected to soar once again.
Up highlight, Doctor Profit also shared how Bitcoin (BTC) price hit a key support at the $67,000 price range which he predicted later last week. For now, he encourages mass ‘buy the dip’ moves for he expects the price of Bitcoin (BTC) to bounce back again. His major cycle top predictions for BTC price are between $220,000 and $550,000.
Bitcoin’s Bullish Chart Pattern
This expectations for a pump in BTC price is supported by the fact that the sentiment score on the Crypto Fear & Greed Index has remained in the Greed zone with a score of 70 despite the latest dip in the crypto market.
Another analyst adds to the ongoing bullish narrative for BTC by drawing light to the cup & handle cascade on the present BTC price chart. As we can see from the post above he says that BTC is poised to follow the structural path of SP500 & Gold, eyeing $230,000. Once all three hit their targets in the coming months, the HTF depression/recession takes hold.
