Bitcoin price crash Most crypto market participants were surprised, starting from $97,000 in late February, but the analyst wasn’t surprised. Crypto analyst known as Doctor Profit, who previously warned about the fix when Bitcoin approached $97,000, recently released a new technical outlook that discourages its bullish trajectory in the short term.
In a breakdown shared on social media platform X, Doctor Prote noted that the breakdown has not yet been completed. This outlook comes from previous in-depth analysis in which analysts highlight various Bitcoin price movements.
The doctors say the profits are just beginning to Bitcoin Market Dump
Bitcoin has experienced ups and downs in extremely volatile movements over the past few days. These ups and downs saw Bitcoin Prices are below $75,000 At the beginning of the week before spending the past four days About recovery routes towards $80,000. Amidst price volatility, Crypto Analyst Doctor Profit has revealed it hopes to further extend the current downward movement in Bitcoin prices.
in Recent Posts On social media platform X, analysts described the correction as a “market slaughter” and said the party is only just beginning. He reveals that he placed his first buy order in the range of $58,000 to $68,000, suggesting Bitcoin Prices continue to decline You will reach this area.
Rather than viewing recent decline as a retreat, price action is the calculated portion of a broader strategy that analysts laid out in previous in-depth analysis.
Doctor’s benefits The analysis is based on M2 Money Supply is a macroeconomic indicator he believes is widely misunderstood within the crypto space. Many traders have it recently Quote the rise Assume that M2 as a bullish signal for Bitcoin will immediately surge in prices as liquidity increases. However, analysts emphasized that timing is everything. He said that Bitcoin tends to make traditional markets the forefront in responding to the rise in M2, but the response is still not instantaneous.
What to expect from BTC
He reminds his followers that he predicted a 50bps rate reduction in July 2024. After that cut came to fruition in September, around the same time Bitcoin was hovering nearly $50,000, he labelled it very bullishly and called for a massive rally. After all, M2 Money Supply began expanding in February 2025, consistent with his predictions. However, he warns that the impact on Bitcoin will gradually unfold while M2 is currently climbing.
Looking at Bitcoin’s price action on the charts, doctors’ profits have shifted his focus from $70,000 to the $74,000 range. He believes this range could serve as a starting point for a fresh upward rally. A strong daily closure occurs As a signal of deeper flaws when the price breaks down on the “golden line” around the weekly EMA50 or below.
If a more dramatic breakdown occurs, analysts advised to wait for even lower entries in the $50,000 to $60,000 zones in the $50,000 to $60,000 zones. Doctors’ benefits predicted that Bull Run would not resume until around May or June.
Bitcoin could push over $81,000 after Donald Trump Announced a 90-day hiatus For his groundbreaking tariff. At the time of writing, Bitcoin has traded at $82,000, up 7% over the past 24 hours.
Unsplash featured images, charts on tradingView.com
