- Dr. Profit Crypto predicts Bitcoin will reach $88k, following a major breakout.
- Surge in stablecoin demand and Coinbase stock rise signal growing Bitcoin interest.
- Big players are now buying Bitcoin directly from exchanges, boosting market momentum.
Recently, Bitcoin broke through key resistance levels, signaling a new phase for the market. Dr. Profit Crypto, known for accurate predictions, saw this coming. Earlier this year, he forecasted Bitcoin would hit $70k, followed by a period of sideways movement. Now, Bitcoin’s next big move is underway. Dr. Profit Crypto believes Bitcoin could reach $88k.
#Bitcoin – What’s Next?
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🚩TA/LCA/Psychological Breakdown: This week, we finally broke out of the range I’ve been watching and mentioning since March! For me, it’s a special event because when I predicted $70k at the beginning of the… pic.twitter.com/kktn9v30KI
— Doctor Profit 🇨🇭 (@DrProfitCrypto) November 10, 2024
The $70k Breakout: A Major Milestone
Dr. Profit Crypto’s analysis has proven spot on once more. After Bitcoin hit $70k, he predicted a sideways trend followed by a breakout. That moment has arrived. Bitcoin has recently surged past critical resistance points, breaking through Fibonacci levels and key moving averages. One of the most significant moves was the breakout from a bull flag on the weekly chart.
According to Dr. Profit, this is the start of something bigger. Demand for stablecoins has surged, with institutions converting USD into Tether. Several days ago, Tether minted $2 billion in a single transaction. Over $20 billion in stablecoins flowed into exchanges last week. This is a clear signal that investors are preparing for Bitcoin’s next big move.
What’s Next: Targets and Predictions
Dr. Profit Crypto sees Bitcoin targeting $87k to $88k next. He predicts this will be the point where Bitcoin faces its first correction. The signs are there. Big players and institutions are moving away from OTC desks. They are now buying Bitcoin directly from exchanges like Coinbase.
This shift has driven up Coinbase’s stock price, which Dr. Profit Crypto predicted earlier. He called a buy signal for Coinbase stock at $190, and the market has responded. As fewer Bitcoins are available on OTC desks, demand is only growing. This shift to exchanges highlights how connected Bitcoin’s price is to the broader market.
Dr. Profit Crypto’s insight shows how Bitcoin’s rally is pushing new boundaries. Bitcoin’s super cycle has officially begun. As demand grows, Bitcoin’s price could continue rising. Stay tuned, because the coming months could see major changes in the crypto landscape.
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