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The Crypto Doctor Profit analyst increased in glory to make several Almost perfect calls for the price of Bitcoin. He predicted the drop in bitcoin from $ 109,000 back, then called a low at $ 77,000, providing that the BTC price would rebound to the new heights of all time, which he did. Now, with the price of bitcoin by backing up by hitting a new all time above $ 111,000, the cryptographic analyst is back with the next steps and where cryptocurrency could be directed from here.
Why the Bitcoin Golden Cross price has
In his post X, Doctor Profit begins with explaining The psychology of the current market, calling those who continue to call a lower market. He refers to these people as “exit liquidity” for real players, suggesting that they are wrong for their position. Rather, he highlights important training in the Bitcoin prices table and it was the golden cross, which appeared last week.
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The analyst calls The appearance of this golden cross “A macro level signal with historical precision.” He explains that since this signal is so rare, but was right each time, there is no reason to get out of it. In addition, he also explains that the golden cross has always been a long -standing signal. Therefore, the results should not start to show so early.
The Golden Cross Pattern appeared on the weekly graphic, and the cryptographic analyst highlights its historical precision. Whenever the price of Bitcoin has formed this golden cross, it has generally led to a rally of several months. If this cycle is, it suggests that Bull Bitcoin’s race is far from over.
Don’t worry about bears
After the appearance of the Golden Cross model, another development concerning took place on the Bitcoin price table and it is a Diverding down to the weekly deadline. Normally, it means an end of the rally and that the price could start to fall. However, the crypto analyst seems imperturbable by this.
He refers to a similar divergence appearing when appearing when Bitcoin Price was negotiated at $ 80,000 And nothing happened. Given that cryptocurrency continued its bullish race at that time, the analyst considers as an index that the down divergence is lagging behind and only appeared because of Donald Trump’s pricing announcement last week. “No usual value here,” said the profit doctor.
Things to monitor
Until now, Doctor Profit is attributing the catch -up of the price of bitcoin to “standard cycle behavior”. This includes the realization of short -term holders who have bought in the past six months, while long -term holders remain insensitive. Another bullish factor understands the fact that Blackrock’s outings remain weak despite the renewal of Trump’s pricing war.
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Training on the Bitcoin price table that shows upward trends include a cup and a handle model on the daily graphic that puts the Escape area between $ 113,000 and $ 115,000. In addition, the price of Bitcoin recorded higher highs and higher stockings after having recorded its bottom at $ 74,000, which shows that support for the trend remains solid.
The price of bitcoin is also Commerce especially the medium of major moving (Mas)Including the 20 days, 50 days and 200 days mobile averages. Finally and above all, Doctor Profit also stressed that the MacD line has crossed above the signal line on the weekly graphic. This means that the momentum remains in favor of the Bulls. Given this, the analyst thinks that “there is no reason to be afraid.”
Dall.e star image, tradingView.com graphic
