- Popular Bitcoin price analyst Doctor Profit shares his latest BTC report.
- He says a crucial EMA50 line move will determine price trajectory soon.
- According to him, $73,000 breakthrough may be in the works.
Popular Bitcoin (BTC) and crypto analyst known for his silver-tongued price prediction shares his latest report about the current market. Specifically, Doctor Profit highlights his accurate prediction from the previous week and predicts the coming price actions.
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To begin, he talks about his last Sunday report when the Bitcoin price was sitting at $70,000. When this report was shared Doctor Profit was certain that the price of Bitcoin will head towards the $66,000 mark.
In this new report Doctor Profit is pleased to see that his prediction has played out perfectly once again. He also reminds traders that long term holding is not a straight shot towards the top instead its long periods of slow sideways movements and significant brutal corrections.
He then takes a moment to see that this price action has been consistent since $16,000 to $70,000. With dips, corrections, and sideways movement before finally shooting towards upward price marks.
He says the next most important phase is the EMA50. Vigilant watch on this line is crucial as this is what will determine what lies ahead for Bitcoin price. He says the next top for Bitcoin is the $72,000 to $73,000 price range.
Then he also says the bottom for this cycle box is $56,000 to $57,000. He thereby sets the buy and sell targets for this Bitcoin price trend. He also reminds his readers that market makers are assisting price movements as planned and aim to exhaust traders.
Ending his message by saying not to play into the hands of market makers, Doctor Profit urges his readers to make calm and smart decisions and to not forget the big picture which is that Bitcoin (BTC) will set groundbreaking new ATHs in the coming super bull cycle.
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