- Silver-tongued analyst turns bullish on Bitcoin again.
- He goes on to share a comprehensive bull market strategy.
- He advises to keep an eye on the golden line and remain vigilant.
The recent activity with Bitcoin from Q1 and now has led many analysts be believe that the bottom is in and that the crypto market is moving towards greater highs. In Q1, a highly reputed silver-tongued analyst turned from bullish to bearish and since yesterday’s market reversal which he predicted, he is bullish on Bitcoin again and goes on to share his comprehensive bull market strategy.
Silver-Tongued Analyst Turns Bullish on Bitcoin Again
The analyst shares how he predicted a fall in BTC price to the $74,000 price range. He says there the target was hit and held until it finally bounced, right back above the golden line. Since then, Bitcoin has been holding strongly above the golden line. The analyst marks this state as a game changer which meant traders had to react fast and make timely decision. As for what’s to come next he says to keep an eye on the golden line.
Having said that he goes back to his initial bear prediction when BTC price was at $90,000. Here he predicted two possible scenarios, one where the price of BTC would experience a full breakdown and fall to the $50,000 to $60,000 price range, which would lead to a complete reset and a black swan event. The other was a clean correction to $70,000 – $74,000 following a bounce, this second scenario has now played through.
Now, the analyst looks to what’s next, was that the only pump to expect? Considering that BTC is still sitting on the golden linen the analyst says that it is crucial for a weekly candle close above this line, for if the structure holds then the bounce becomes real. He then goes on to how he managed his assets and where he is placing them next. He bought back heavily in BTC and is now keeping a close eye on the chats to determine how to act next.
Bitcoin Resiliently Holds the Golden Line
He encourages traders to be like water and be fluid and change course to suit the ever-changing and highly volatile crypto market. He also marks how M2 is up and that once M2 is up, the price of BTC eventually follows after a short lag. All in all, many analysts have been preaching about liquidity being low and how only liquidity can move targets. It seems this time has finally come as with the latest market recovery, trillion have flown back into these financial markets bringing the much-needed liquidity that the crypto market needed.
The analyst then went on to conclude his comprehensive post by once again stressing the need to be swift and fluid to make the best of the crypto market and encouraging new traders to keep an eye out for his insights. So far in this ongoing bull market, Doctor Profit has made many accurate predictions earning his the respect and admiration of fellow crypto analysts and trading peers.
