Analyst sells short trades as Bitcoin dips as far as $80,300. Analyst debate what is expected next, a recovery or a greater dip. BTC could dip to $70,000 price range or surge to $90,000. The
The crypto community is left feeling several feelings as the price of BTC dipped as far as the $80,000 price range over the last 24 hours. For one analyst, who was expecting a trend low of $79,000, this correction is complete. In detail, the analyst sells short trades as Bitcoin dips as far as $80,300. Now, the community debates over what they expect next for the price of the pioneer crypto asset, BTC.
According to CoinMarketCap analytics, the price of BTC is currently trading at the $82,485 price range, showing that the value of the asset is down by about 4% over the last 7 days. More importantly, the price of BTC fell as low as the $80,300 price range over the last 24 hours, leading one reputed silver-tongued expert to sell all his short trades which he set between $86,000 and $87,000.
In detail, Doctor Profit, a renowned crypto analyst, known for his many accurate crypto market predictions yet is pleased to see another prediction he made play out perfectly. To highlight, the analyst first predicted the exact moment when the market switched from a bear to bull market back in August. From there he called the price of BTC from the $60,000 price range to $70,000.
https://twitter.com/DrProfitCrypto/status/2108264679198142569Next, he predicted that the price of BTC would run as far as $88,000, which it proceeded to just, just running as far as $87,000. Then, he called for a short market correction which would pull the price of BTC back down to the $79,000 price range, a dip which he believes BTC has already pulled off with its recent low to the $80,300 price range. With his prediction having played out perfectly, the analyst has sold his short trades.
As for the reasons behind the $200 billion wiped out from crypto in the last 48 hours, one analyst shares 4 reasons that could have probably caused this sudden dip to the $80,000 for BTC. The first is the possibility of Trump restarting attacks on Iran, a recent research warning that AI could break cryptography before quantum technology, the US transferring billions in BTC, and Hawkish FOMC minutes which hints at one more rate hike in 2026.
https://twitter.com/mrofwallstreet/status/2108231152515633612While Doctor Profit will likely go on to add more to his long trades now, others believe that BTC could still dip to lower targets before a greater recovery to the $90,000 price range. As depicted in the post above, this analyst expects a lower BTC target of $72,000 - $76,000 to be hit as the $80,000 - $82,000 price range is being tested at the moment. Which of the two predictions will play out next?
