In a remarkable display of market foresight, crypto analyst Doctor Profit, who accurately predicted Bitcoin’s decline from $97,000, has released a detailed forecast suggesting further downside ahead. The analyst’s previous predictions have proven notably accurate, lending significant weight to this latest analysis.
As Bitcoin recently rebounded to $83,000 following Trump’s tariff pause announcement, Doctor Profit maintains his bearish stance, suggesting this recovery may be temporary.
Understanding the Current Market Structure
Doctor Profit’s analysis centers on several key technical and fundamental factors:
- Initial support zone: $70,000-$74,000 range
- Primary target zone: $58,000-$68,000
- Expected timeline: Continued decline through April
- Recovery projection: May/June 2025
- Ultimate upside target: $120,000-$140,000
The M2 Money Supply Factor
A crucial element of Doctor Profit’s analysis revolves around the M2 money supply metric, which he argues is frequently misinterpreted in the crypto space. While many traders view the recent M2 uptick as immediately bullish, the analyst emphasizes that Bitcoin’s response to monetary policy changes occurs gradually.
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Technical Analysis and Price Targets
The analyst has identified the weekly EMA50 as a critical “Golden Line” that could determine Bitcoin’s next major move. A daily close above this level could trigger a fresh rally, while a breakdown below could accelerate the predicted decline to the $58,000-$68,000 range.
FAQ Section
When will Bitcoin’s price bottom out?
According to Doctor Profit’s analysis, the bottom is expected between May and June 2025, with potential prices ranging from $58,000 to $68,000.
What could invalidate this bearish scenario?
A strong daily close above the weekly EMA50 “Golden Line” could signal a trend reversal and invalidate the bearish outlook.
What’s the upside target after the bottom?
The analyst projects a recovery to $120,000-$140,000 following the predicted bottom formation.
As the crypto market continues to react to macroeconomic factors and technical indicators, traders should maintain strict risk management practices and consider multiple scenarios in their trading strategies.