CandleFocus Doctor Profit Says Bitcoin to Go Sideways for Another 43 Days
2024-10-28
Author: Content Editor
The crypto news content discusses Doctor Profit's prediction about the future movement of Bitcoin. Doctor Profit believes that Bitcoin will continue its sideways movement for another 43 days, following a period of stagnation that began in March and lasted 191 days. He attributes this sideways movement to be normal after Bitcoin halvings, which are followed by similar periods of stagnation before new upward trends. Doctor Profit predicts that once this consolidation phase is over, Bitcoin will move out of its current range, and major investors will be able to buy more Bitcoin at a cheaper price. He recommends considering any pull back to around 62k as a good buying opportunity. Doctor Profit also mentions that positive momentum will be generated by the reports of quarterly earnings of large companies. He remains bullish on Bitcoin, with targets of 250-300k in the short term and 550k by 2030.
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