- Bitcoin’s correction phase persists and analysts remain calm.
- Silver-tongued analyst believes that once BTC recovers a super cycle will begin.
- This super cycle will push altcoins to new ATHs this cycle.
The price of Bitcoin (BTC) is currently experiencing a heavy drop that took BTC price from the $99,000 price range to the $92,000 price range. At the moment, Bitcoin (BTC) is hovering in the $93,000 price range and traders are slowly allowing FUD to seep back into the crypto market. According to the Crypto Fear & Greed Index, the score is 79.
Analyst Unfazed Despite Continued Dip
While this score still points to an ‘Extreme Greed’ sentiment, a prolonged BTC price drop could result in greater FUD entering the market. Despite this fear amongst new treaders, seasoned traders appear to be unfazed and are calling this dip a healthy correction phase to flush out anything that needs to be before the arrival of the long-awaited $100,000 BTC ATH price.
Bitcoin Recovery Will Ignite Super Cycle
As we can see from the post above, the reputed analyst known for his many silver-tongued predictions, Doctor Profit makes a statement about the ongoing correction for Bitcoin (BTC). In detail, he says that if BTC price dips to the $86,000 price range then he will be certain to place more long orders in that zone.
He highlights once again that market makers are clever and will hunt down late longs. Therefore, once the correction is complete, Bitcoin and the greater crypto market will see upward movement once again. In addition, he mentions that altcoins have also started to escalate and expects to see incredible gains for altcoins by March once the super cycle starts.
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