- The price of Bitcoin (BTC) has taken an unexpected drop.
- As many face FUD, one analyst says the drop was expected.
- He advises placing long orders once the price drops further nearing $24,000.
Amid the troubling Bitcoin (BTC) price dip to the $26,000 margin has yet again reignited FUD in the crypto space. Amongst all the negativity, one crypto analyst stays calm. This one analyst has been accurately predicting the price of Bitcoin (BTC) over the last few weeks.
According to his latest Sunday Bitcoin (BTC) price report, the analyst already predicted a big price drop for the pioneer asset. So far his weekly Sunday predictions have been right on the money and many followers have flocked to him for his sage advice.
Going by the online name Doctor Profit, this elite trader says he trades psychology. No doubt, he is certainly a seasoned crypto trader and his predictions so far show nothing short of support for his ability to predict the Bitcoin (BTC) price.
As we can see from the post above, Doctor Profit alerts crypto traders everywhere. He says the dump is far from over which means more price drops are yet to come. It’s time to hunker up, prepare for red signals and keep an eye out for a sign of green.
According to Doctor Profit, the price of Bitcoin (BTC) will continue to drop until it hits $24,000 margin. In fact, he says it is possible for the price to even hit $23,500. Once this region is met then it is time to go long.
Thus, Doctor Profit advises his listeners and othe hopeful crypto traders to place long orders between the $23,500 – $24,000 region. He also remarks taking profit from the $30,000 – $31,000 target region.
Based on his analysis, it looks like Bitcoin (BTC) has a lot more waves to float over before it can reach a new ATH as most analysts predict by the end of the year. As many responses to the post express their admiration and gratitude, the entire crypto community continues to hold their breath as the Bitcoin (BTC) price chart continues its tantalizing dance.
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