Bitcoin reclaims the $68,000 price target.
Silver-tongued analyst believes $70,000 BTC price is imminent.
He says the second part of the massive bull run is about to begin.
Bitcoin (BTC) price has once again tipped over to the upside of its steady sideways movement to enter the $68,000 price range. According to CoinMarketCap analytics, the pioneer crypto asset is up by 1.7% in the last 24 hours fueling a bullish narrative for the new week and final week of October.
Bitcoin’s Q4 Pump Set to Start
This movement once again adds momentum to the bullish expectation for Q4 to take Bitcoin (BTC) price into a bullish upward trend. So far, expectations for the price of Bitcoin (BTC) to hit new ATHs this Q4 have taken predictions towards the $100,000 to $150,000 range. Currently, analysts are looking at a much more attainable target for the coming weeks.
Earlier this year, Bitcoin (BTC) set a new ATH in the $73,000 price range. While this was an exciting teaser to what many analysts expect to be the biggest bull cycle for Bitcoin yet, many are still unable to decide on what the cycle top target for Bitcoin will be this bull run. Presently, predictions lay between $220,000 to $550,000.
Analyst’s Expectations for $70,000 BTC Price
According to one silver-tongued analyst who has made many accurate predictions for BTC price this bull cycle, the pump is only beginning for Bitcoin and the greater crypto market. This analyst, Doctor Profit, has been predicting Bitcoin trend tops and lows since Bitcoin’s sideways movement began in March.
https://twitter.com/DrProfitCrypto/status/1850539184059978141
As we can see from the post above, Doctor Profit calls for the pimp to begin when Bitcoin reclaims the $70,000 which will likely occur very soon. He also hints that a new ATH is also in the works for the price of Bitcoin. He also goes on to reason the catalysts behind this expected pump.
https://twitter.com/DrProfitCrypto/status/1850542009280294978
As we can see from the post above, he draws light on the fact that the next rate cut is loading while money printers are printing money at an accelerated rate at the same time. He also reminds traders to watch the M2 money supply and the FED printing more and more USD as the days go by. He ends his message saying the next phase of the massive bull run is about to begin.
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