Bitcoin expected to continue in bullish sideways movement. The lowest dip to $71,000 is possible. Once BTC breaks above $82,000 the bull market phase will begin. The crypto market seems to be
The crypto market seems to be heading into a bull market start phase as many reputed crypto analysts have explained. At the moment, the prices of promising crypto assets seem to be declining by the slightest. Presently, Bitcoin expected to continue in bullish sideways movement. Experts state that $71,000 could be the lowest target while a surge over $82,000 could mark a bull market start.
Over the past week, the price of Bitcoin (BTC), the pioneer crypto asset, has been trading at a bullish sideways pace. To highlight, the asset has been trading between $77,000 and $80,000, with hopes for the asset to break above $82,000. At the moment, according to CoinMarketCap analytics, the price of BTC is trading at $78,000 showing that the asset is up by 1.5%.
According to popular and reputed crypto analyst, Doctor Profit, the silver-tongued analyst known for his many accurate predictions, the price of BTC will soon climb back up to higher price ranges. Over the last few weeks, the analyst announced that the tides have turned and that the bear market will come to a close soon. Already, the analyst has stated that the start of the early bull market phase has begun.
To highlight, Doctor Profit went on to announce that the price of BTC will not bottom at the $40,000 price range as he first expected and marked $54,000 as the bear market bottom price. Since then he has gone on to accumulate BTC and ETH while BTC was trading between $54,000 and $64,000. Now, he is waiting for the price of BTC to surge over $82,000 to confirm that the bull market phase has begun.
https://twitter.com/DrProfitCrypto/status/2094176564724269383As we can see from the post above, Doctor Profit highlights a few facts, where he goes on to summarise the most important points from his latest weekly market report. To start off, he once again confirms that the bear market is over as Bitcoin broke out above key resistances and entered the soft Bull Market. Now, he confirms that only two numbers matter, which are the $71,000 price range which holds extremely strong support, and the $78,500 price range marking the next major resistance.
He declares that everything in between is simply noise. Thus, a break above $78,500 opens the road toward $82,000. Once $82,000 breaks with strength, a full bull market escalation will begin. Before that a retest at the $71,000 price range holds a high possibility. All in all, the expert is certain that bullish days lie ahead and the surge to higher targets will begin sooner than expected.
