{"id":605259,"date":"2024-04-26T20:00:18","date_gmt":"2024-04-26T20:00:18","guid":{"rendered":"https:\/\/uniquehot.com\/?p=605259"},"modified":"2024-06-11T06:58:34","modified_gmt":"2024-06-11T06:58:34","slug":"massive-move-for-bitcoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/massive-move-for-bitcoin\/","title":{"rendered":"Crypto Analyst Predicts Massive Move For Bitcoin, What\u2019s The Target?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Despite <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-time-bull-market-intotheblock-explains-why\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">BTC\u2019s recent unimpressive price action<\/span><\/a><span style=\"font-weight: 400\">, crypto analyst Doctor Profit has shared his bullish sentiment for Bitcoin and the broader crypto market. The analyst further suggested that a <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-accumulating-breaking-74000-bear-scare\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">parabolic move was imminent<\/span><\/a><span style=\"font-weight: 400\"> and that crypto investors should position themselves accordingly.\u00a0<\/span><\/p>\n<h2>Crypto Market Preparing For A \u201cThird Industrial Revolution\u201d<\/h2>\n<p><span style=\"font-weight: 400\">Doctor Profit mentioned in an X (formerly Twitter) <\/span><a href=\"https:\/\/x.com\/DrProfitCrypto\/status\/94054413\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> that the crypto market \u201cis preparing itself for the third Industrial Revolution,\u201d thereby hinting at a trend reversal for Bitcoin and <\/span><a href=\"https:\/\/bitcoinist.com\/why-time-to-invest-in-altcoins-now-santiment\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">altcoins<\/span><\/a><span style=\"font-weight: 400\"> soon enough. \u201cBe part of it, or regret for [a] lifetime,\u201d the crypto analyst added as he warned crypto investors of missing this market rally.\u00a0\u00a0<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/uniquehot.com\/altcoin\/hbar-crashes-35-blackrock-hedera\/\">HBAR Prices Crashes 35% As BlackRock Denies Any Ties To Hedera<\/a><\/p>\n<p><span style=\"font-weight: 400\">In a previous <\/span><a href=\"https:\/\/x.com\/DrProfitCrypto\/status\/27084386\" rel=\"nofollow\"><span style=\"font-weight: 400\">X post<\/span><\/a><span style=\"font-weight: 400\">, Doctor Profit gave an idea of what to expect from the crypto market (Bitcoin in particular) when it makes its next leg up. He stated that the flagship crypto will rise to $84,000 after it is done trading the sideway range between $60,000 and $72,000. In another <\/span><a href=\"https:\/\/x.com\/DrProfitCrypto\/status\/21751653\" rel=\"nofollow\"><span style=\"font-weight: 400\">X post<\/span><\/a><span style=\"font-weight: 400\">, he claimed that the super cycle will start after Bitcoin hits $72,000.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, Doctor Profit suggested that the price corrections experienced were normal and usually occur in <\/span><a href=\"https:\/\/bitcoinist.com\/rewards-2021-bitcoin-bull-buyers-finally-break-even\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">each crypto cycle<\/span><\/a><span style=\"font-weight: 400\">. He further remarked that the 10 to 20% price fluctuations weren\u2019t big moves. His statement echoes the sentiment of Alex Thorn, Head of Research at Galaxy Digital, who <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-crash-10-69000\/\"><span style=\"font-weight: 400\">previously warned<\/span><\/a><span style=\"font-weight: 400\"> that bull markets weren\u2019t \u201cstraight lines up.\u201d<\/span><\/p>\n<h2>Bitcoin Is In The Re-Accumulation Period<span style=\"font-weight: 400\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In a recent X (formerly Twitter) <\/span><a href=\"https:\/\/x.com\/rektcapital\/status\/93993972\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\">, crypto analyst Rekt Capital confirmed that Bitcoin is currently in the Re-Accumulation phase, which occurs after the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-bull-market-glassnode\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin Halving<\/span><\/a><span style=\"font-weight: 400\">. He further noted that the goal now \u201cis for Bitcoin to move sideways to catch a breather, for the market to cool off after [a] fantastic Pre-Halving price performance.\u00a0\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-price-down-today\/\">Why Is The Dogecoin Price Down Today?<\/a><\/div>\n<p><span style=\"font-weight: 400\">According to Rekt Capital, this <\/span><a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-whales-buying-hold-25-16-all-supply\/\"><span style=\"font-weight: 400\">Re-Accumulation period<\/span><\/a><span style=\"font-weight: 400\"> can last for multiple weeks \u201cand even up to 150 days.\u201d The analyst revealed that once this period is over, Bitcoin will experience a breakout from this sideways range, followed by a <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-future-samourai-wallet-case\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">parabolic uptrend<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This <\/span><a href=\"https:\/\/uniquehot.com\/news\/crypto-bull-run-return-next-week-arthur-hayes\/\"><span style=\"font-weight: 400\">uptrend phase<\/span><\/a><span style=\"font-weight: 400\"> is said to last for over a year. However, with the probability of this being an accelerated market cycle, Rekt Capital remarked that the duration for this uptrend could be cut in half. Crypto analysts like Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-100000-cardano-dead\/#:~:text=Why%20Cardano%20Is%20Dead,non%2Dexistent%E2%80%9D%20on%20it.\"><span style=\"font-weight: 400\">predict<\/span><\/a><span style=\"font-weight: 400\"> that the flagship crypto will rise as high as $100,000 when that time comes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, Bitcoin is trading at around $64,360, up in the last 24 hours according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/r1IR4H3p\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">BTC bears pull down price | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Kapersky, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Despite BTC\u2019s recent unimpressive price action, crypto analyst Doctor Profit has shared his bullish sentiment for Bitcoin and the broader crypto market. The analyst further suggested that a parabolic move was imminent and that crypto investors should position themselves accordingly.\u00a0 Crypto Market Preparing For A \u201cThird Industrial Revolution\u201d Doctor Profit mentioned in an X (formerly Twitter) post that the crypto market \u201cis preparing itself for the third Industrial Revolution,\u201d thereby hinting at a trend reversal for Bitcoin and altcoins soon enough. \u201cBe part of it, or regret for [a] lifetime,\u201d the crypto analyst added as he warned crypto investors of missing this market rally.\u00a0\u00a0 Related Reading: HBAR Prices Crashes 35% As BlackRock Denies Any Ties To Hedera In a previous X post, Doctor Profit gave an idea of what to expect from the crypto market (Bitcoin in particular) when it makes its next leg up. He stated that the flagship crypto will rise to $84,000 after it is done trading the sideway range between $60,000 and $72,000. In another X post, he claimed that the super cycle will start after Bitcoin hits $72,000.\u00a0 Meanwhile, Doctor Profit suggested that the price corrections experienced were normal and usually occur in each crypto cycle. He further remarked that the 10 to 20% price fluctuations weren\u2019t big moves. His statement echoes the sentiment of Alex Thorn, Head of Research at Galaxy Digital, who previously warned that bull markets weren\u2019t \u201cstraight lines up.\u201d Bitcoin Is In The Re-Accumulation Period\u00a0 In a recent X (formerly Twitter) post, crypto analyst Rekt Capital confirmed that Bitcoin is currently in the Re-Accumulation phase, which occurs after the Bitcoin Halving. He further noted that the goal now \u201cis for Bitcoin to move sideways to catch a breather, for the market to cool off after [a] fantastic Pre-Halving price performance.\u00a0\u00a0 Related Reading: Why Is The Dogecoin Price Down Today? According to Rekt Capital, this Re-Accumulation period can last for multiple weeks \u201cand even up to 150 days.\u201d The analyst revealed that once this period is over, Bitcoin will experience a breakout from this sideways range, followed by a parabolic uptrend.\u00a0 This uptrend phase is said to last for over a year. However, with the probability of this being an accelerated market cycle, Rekt Capital remarked that the duration for this uptrend could be cut in half. Crypto analysts like Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, predict that the flagship crypto will rise as high as $100,000 when that time comes.\u00a0 At the time of writing, Bitcoin is trading at around $64,360, up in the last 24 hours according to data from CoinMarketCap. BTC bears pull down price | Source: BTCUSD on Tradingview.com Featured image from Kapersky, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":605303,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-605259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\n<title>Crypto Analyst Predicts Massive Move For Bitcoin, What\u2019s The Target?<\/title>\n<meta name=\"description\" content=\"Crypto analyst Doctor Profit has shared his bullish sentiment for 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