Crypto Market on the Brink of Revolution
Crypto analyst Doctor Profit predicts a huge surge in Bitcoin and the broader crypto market, calling it the “third Industrial Revolution.” He urges investors to jump on board or risk regretting it.
Bitcoin’s Target: $84,000
Profit believes Bitcoin will reach $84,000 after breaking out of its current trading range of $60,000 to $72,000. He sees the super cycle starting once Bitcoin hits $72,000.
Price Corrections Are Normal
Profit dismisses recent price dips as normal fluctuations in the crypto cycle, noting that they are not significant moves.
Bitcoin in Re-Accumulation Phase
Rekt Capital confirms that Bitcoin is in a Re-Accumulation phase, a period of sideways movement after the Bitcoin Halving. This phase can last for weeks or even months.
Parabolic Uptrend on the Horizon
Once the Re-Accumulation phase ends, Rekt Capital predicts a breakout and a parabolic uptrend that could last over a year. However, he suggests that the duration could be shorter due to the accelerated nature of the current market cycle.
Analysts Predict $100,000 Bitcoin
Other crypto analysts, such as Tom Dunleavy, predict that Bitcoin could reach $100,000 during this uptrend.
Current Bitcoin Price
At the time of writing, Bitcoin is trading around $64,360, showing a slight increase over the past 24 hours.
