- Bullish crypto analyst who turned bearish shares next bearish BTC target.
- The analyst claims to have made two accurate BTC dip predictions.
- He now expects the price of BTC to fall between $70,000 and $74,000.
Bitcoin (BTC) price soared to $83,000 before sinking back to $81,000 showing the continued struggle of the pioneer crypto asset in yet another slow sideways movement. Amidst this time, one of the most bullish crypto analysts turned bearish and shares his next bearish BTC target before Bitcoin can rise again.
To expand, Doctor Profit, one of the most bullish analysts this bull cycle had predicted BTC price will hit a new ATH between $120,000 to $135,000. Since Trump’s Strategic Crypto Reserve announcement, the analyst suddenly turned bearish and predicted BTC price would start to fall dramatically.
Next Bearish BTC Target
As we can see from the post above, Doctor Profit claims that two of his bearish targets have been hit so far. This being $78,000 and $83,000. Next he expects the price of BTC to drop to a price between $70,000 and $74,000. He even goes on to say that he expects a much greater dip marking a black swan event which will take BTC price between $48,000 and $60,000.
Bullish Crypto Analyst Turned Bearish
In another post, Doctor Profit shares how he has placed new BTC short orders in the region of $87,000 and $88,000. He says that if the market allows a visit to the region he will add more shorts on the existing position of $90,000. He concludes saying his next big move target is $74,000 to $70,000 since $83,000 to $78,000 has been hit.