- Most bullish analyst turns bearish and decides to sell his holdings.
- He shares a detailed plan on how to best a volatile crypto market.
- In the long-term he remains bullish and expects to buy back BTC at a lower price.
One of the most bullish analyst turns bearish giving the crypto community a chance to see how even the most bullish analyst can change strategies mid-cycle. The analyst in question is Doctor Profit, a reputed analyst known for his many bullish predictions over the past few years. After announcing his decision to sell his crypto bags, the analyst goes on to share a detailed post on why he made this move now.
Most Bullish Analyst Turns Bearish
In a previous post, Doctor Profit revealed his prediction of a massive market crash that will take the price of Bitcoin to the $50,000 to $60,000 price level. He says this will be caused by a huge FUD market state that will follow Trump’s decision to officially create the US Bitcoin Strategic Reserve.
To get ahead of his dump and to realize his profits of assets he has held since last cycle BTC dip to the $16,000 price level, Doctor Profit reveals his present sell strategy. He reminds the community once again of how in every bull cycle the price of Bitcoin falls around 40%-50% at least once and he predicts that that time is soon.
As we can see in the post above, Doctor Profit states that the news about the Strategic Bitcoin Reserve is already fully priced in by big players and whale investors. He says that the Crypto Summit did not go as these whales expected, the USA did not reveal they will buy Bitcoin but rather simply hold confiscated funds thereby creating a lot of disappointment.
Long-Term Expectations Remain Bullish
He goes on to state that while there is no plan to expand the reserve yet, it will certainly change in the months ahead which promises BTC will hit new ATHs later, but not before a major dump first.
In his eyes, the fact that Trump signed this deal now instead of later will lead to an early correction, a correction that is yet to have played out at this point in the crypto cycle. He concludes by staying bullish for the long-term and to take profits now so he can buy back easily when the price of BTC hits the $50,000 – $60,000 price range.
