Crypto Live News

Altcoins Massive Rally Loading Says Silver-Tongued Crypto Market Analyst

  • Doctor Profit predicts altcoin surge based on EMA50 and historical trends.
  • The weekly report details bullish outlook, BTC’s potential rise to $100,000.
  • Emphasizes low BTC supply, advises strategic entry.

Renowned Bitcoin and crypto market analyst, Doctor Profit, popular for accurate predictions, recently made a bold assertion regarding the future of altcoins, suggesting an imminent massive pump. In his latest, he prophesizes, a huge rally loading for altcoins.

Read CRYPTONEWSLAND on google news

According to Doctor Profit, the significance of the EMA50 (50-day Exponential Moving Average) serves as a pivotal indicator of the altcoin market’s bullish or bearish status. Drawing parallels to the 2021 bull market, where a significant correction occurred after 47 weeks, resulting in altcoins dipping below the critical EMA50 line, Doctor Profit points out a similar pattern emerging in the current bull cycle. With only 24 weeks of bullish movement thus far, Doctor Profit predicts much higher targets for altcoins in the coming months.

In his comprehensive weekly report, Doctor Profit delves deeper into technical analysis, psychological factors, and market trends. Highlighting Bitcoin’s sideways movement as an accumulation phase, Doctor Profit anticipates a substantial upward trajectory, with BTC poised to surpass $80,000 and reach $100,000 swiftly. He emphasizes the importance of monitoring Bitcoin’s monthly close and its performance against inflation-adjusted all-time highs.

Moreover, Doctor Profit underscores the diminishing BTC supply on exchanges, signaling a bullish market sentiment amidst high demand. He advises strategic entry points for altcoin and BTC investments, anticipating a super cycle that could catapult Bitcoin to unprecedented highs in mid-2025.

Despite market fluctuations, Doctor Profit remains optimistic, advocating for a “hold and add more” strategy, with a cautionary note for those considering selling. As the crypto market continues to evolve, Doctor Profit’s insights provide valuable guidance for investors navigating the ever-changing landscape of digital assets.

Read Also

Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.

Recent Posts

Is Furrever Token the New Star Amid Bitcoin and Ethereum Decline?

#FurreverToken(FURR) continues to draw investor attention with its unique appeal and a lucrative $20,000 competition,…

13 mins ago

Top 5 Altcoins with the Sparkle to Ignite the Market

Each has unique features and potential to make a significant impact. For investors seeking opportunities…

15 mins ago

Top Crypto Projects That Are Changing the Market; 5-10X Your Capital Every Three Years

The cryptocurrency space is evolving rapidly, with innovative projects emerging that are transforming how the…

1 hour ago

Altcoin Tsunami Coming and It Will Be Massive: 5 Cryptos Ready to Mint New Millionaires

These coins have the necessary qualities for significant returns. Get ready to discover what sets…

2 hours ago

CME Group Eyes Mainstream Crypto Adoption with Bitcoin Trading and Futures Options Creating Next Wall Street Frontier

CME Group's makes groundbreaking move into #BitcoinTrading, reshaping Wall Street's approach to #cryptocurrency investment. #BTC…

3 hours ago

TON Blockchain Hosts Notcoin Launch, Over 80 Billion Tokens Airdropped

TON blockchain welcomes #Notcoin with 80B tokens airdropped! #Notcoin #Crypto #Blockchain #TON #Web3

3 hours ago