- Spot traders aid in the rapid recovery of Bitcoin price.
- The price of Bitcoin shot from $91,000 to $98,000 and leverage traders have joined.
- Reputed analyst highlights his many accurate market predictions so far this cycle.
The crypto market is on a steady and strong path to recovering its 6-digit prices in a single swoop. After yesterday’s horrific crypto market dump dubbed the most brutal fall in crypto history, the price of BTC is already on the mend. In detail, the price of Bitcoin seems to have shot up from $91,000 to $98,000 in a matter of hours alone.
Spot Traders Aid in Rapid BTC Price Recovery
As we can see from the post above, one reputed analyst, Doctor Profit, known for his silver-tongued predictions, commends spot traders in the crypto market. He says that Bitcoin’s pump for $91,000 to $98,000 earlier today was fully driven by spot traders. He marks how big players have accumulated more and more BTC at discounted prices following the pioneer crypto asset’s heavy fall yesterday.
The analyst also goes on to say that all retail was shaken out as paper and frightened hands let go of Bitcoin due to FUD only to see diamond hands step in and aid in the recovery of Bitcoin whilst also helping themselves to lower prices before parabolic pumps take over the crypto market soon. He adds that leverage traders have now entered the area at $98,500 BTC price.
Bitcoin Accumulation at Discounted Prices
The same analyst reminds the crypto community and traders in the space of his many accurate predictions this cycle. He highlights how his buy signals at $25,000, $60,000, and $90,000 and above have only resulted in significant gains so far. He once again encourages traders to listen to his queues and buy at the bottom of his box strategy signals to see greater profits.
