- Bitcoin (BTC) breaks past the $71,000 price range.
- As bullish sentiment grows, silver-tongued analyst highlights his many accurate predictions.
- He goes on to share what he expects next for the crypto market.
With Bitcoin’s (BTC) price having reclaimed the $71,000 price range, analysts wait eagerly to see when the pioneer crypto asset will break past its previous ATH in the $73,000 range and shoot into the price discovery phase. This bullish pump from $68,000 has pushed the crypto market into a Greedy sentiment with a score of 72 on the Crypto Fear & Greed Index.
Silver-Tongued Analyst Gets it Right Again
Reputed and renowned Bitcoin and crypto analyst, Doctor Profit, known for his many accurate predictions in the industry expects new ATHs to arrive soon, alongside other popular crypto analysts who are also listing out their many Bitcoin (BTC) price target predictions. In detail, Doctor Profit goes on to highlight his many accurate predictions so far.
As we can see from the post above, Doctor Profit shares his previous three accurate predictions for Bitcoin (BTC). A month ago, he called the breakout from the $58,000 price range. Just yesterday, he called for a big pump from the $68,000 price range into a breakout above $70,000.
What’s Next for Bitcoin?
The price of Bitcoin (BTC) now stands in the $71,000 price range adding to Doctor Profit’s accurate predictions for this bull cycle. Adding on to the growing bullish sentiment in the current crypto market, Doctor Profit goes on to highlight the many catalysts and factors that will now contribute towards sending BTC prices into greater ATH targets.
For one, he mentions how ‘Big players’ are going to start accepting and confirming his theory that Bitcoin (BTC) will be used as a reserve currency to back up fiat currencies. Therefore, he predicts that a Digital USD will be backed up with Digital Gold, which is long-since expected to be Bitcoin (BTC).
This is a prediction Doctor Profit has made since 2020 and we could see it playing out soon. Finally, the analyst adds that the real fuel that will pump the price of Bitcoin (BTC) will arrive after the coming US Presidential elections, on November 5. This is the period where he expects another bull market to commence.
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