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Bitcoin price accident From $ 97,000 at the end of February, most players in the cryptography market but not this analyst. Crypto analyst known as Doctor Profit, who previously warned against a correction when Bitcoin approached $ 97,000, recently published a new technical perspective which dissuades a short -term upward trajectory.
In shared ventilation on the X social media platform, Doctor Profit noted that ventilation was not yet completed. This perspective comes from an old detailed analysis in which the analyst has highlighted various Bitcoin price movements to monitor, which all arrived.
Doctor Profit says that Bitcoin Market Dump is just starting
Bitcoin has experienced ups and downs in recent days with incredibly volatile movements. These ups and downs have seen Bitcoin The price falls below $ 75,000 At the start of the week before spending the last four days on a recovery path to $ 80,000. In the midst of price volatility, the Crypto Doctor Profit analyst clarified that he expects the current drop in the Bitcoin price to extend more.
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In A recent article On the social media platform X, the analyst described the correction as a “market massacre” which should continue, declaring that the party has just started. He revealed that he had placed his first purchase orders in the range of $ 58,000 to $ 68,000, suggesting that Bitcoin The price would continue to fall until He reaches this region.
Rather than seeing the recent decline as a reverse, prices are a calculated part of the wider strategy that the analyst presented in an earlier detailed analysis.
Doctor Profit’s The analysis is based on The money supply of M2, a macroeconomic metric, according to him, is largely misunderstood in cryptographic space. Many traders have recently cited the increase M2 as a bull’s bitcoin signal, assuming that more liquidity means an immediate increase in prices. However, the analyst stressed that timing is everything. He noted that Bitcoin tends to traditional markets at the forefront when the response to M2 increases, but even then the reaction is not instantaneous.
What to expect with BTC
He reminds his disciples that in July 2024, he predicted a drop in rate of 50 bps, which was considered very improbable at the time. Once this cut was materialized in September, almost at the same time, Bitcoin oscillated nearly $ 50,000, he labeled it extremely optimistic and called for a major rally. It turned out that M2’s money supply began to develop in February 2025, which aligned with its forecasts. However, he warns that while M2 is now climbing, his effect on Bitcoin will take place gradually.
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Looking at the behavior of bitcoin prices on graphics, Doctor Profit has moved his range of fork from $ 70,000 to $ 74,000. He thinks that this range could be served as a springboard for a new rally upwards if a A firm daily closure occurs Above the “gold line” around the weekly EMA50 or as a signal for a deeper drop if the price breaks.
If a more spectacular rupture occurs, the analyst has advised to reset and while waiting for even lower entries around the area from $ 50,000 to $ 60,000. Doctor Profit predicted that the Bull Run will only resume around May or June, with increases from $ 120,000 to $ 140,000.
Bitcoin managed to exceed $ 81,000 after Donald Trump announced a 90 -day break on its revolutionary tarriffs. At the time of writing the editorial staff, Bitcoin is negotiated at $ 82,000, up 7% in the last 24 hours.
Felash star image, tradingView.com graphic
