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<ul> 
 <li>Twitter crypto analyst Doctor Profit predicts a downward trend for Bitcoin, possibly hitting 27k.</li> 
 <li>After reaching the low point, Doctor Profit forecasts a rise to 32-34k, followed by consolidation.</li> 
 <li>Despite the predicted dip, the future of Bitcoin remains promising, with potential growth to 37-38k.</li> 
</ul> 
<p>Crypto analyst Doctor Profit recently shared his Bitcoin forecast on Twitter, predicting a rollercoaster ride for the leading cryptocurrency. According to his analysis, Bitcoin’s trajectory is set to take a downward turn initially, potentially hitting the 27k mark. In a worst-case scenario, Bitcoin could even dip to 24k.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Bitcoin big direction is down first<br><br>Possible 27k and worst case 24k<br><br>After both targets I aim for 32-34k<br><br>Consolidation and up to 37-38k</p>— Doctor Profit 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1684844599490060289?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 28, 2023</a> 
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<p>However, this downward trend is not a cause for alarm. Doctor Profit’s analysis suggests that after reaching these low points, Bitcoin will rebound, aiming for a target of 32-34k. This will be followed by a period of consolidation, a phase of market stability that often precedes a significant price movement.</p> 
<p>The crypto analyst’s forecast doesn’t stop there. Following the consolidation phase, Bitcoin is predicted to climb further, reaching heights of 37-38k. This projection paints a positive picture for Bitcoin’s future, indicating that despite short-term dips, the long-term outlook for Bitcoin remains bullish.</p> 
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  <blockquote class="wp-embedded-content" data-secret="1DjTtJTMIB"> <a href="https://cryptonewsland.com/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Prediction 2023 to 2031: Will BTC Price Hit $69K Soon?</a> 
  </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" title="“Bitcoin (BTC) Price Prediction 2023 to 2031: Will BTC Price Hit $69K Soon?” — Crypto News Land" src="https://cryptonewsland.com/bitcoin-btc-price-prediction/embed/#?secret=4xZYqFjsLw#?secret=1DjTtJTMIB" data-secret="1DjTtJTMIB" width="600" height="338" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe> 
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<p>Looking ahead, the future of Bitcoin in the crypto space continues to be promising. Despite the predicted fluctuations, Bitcoin’s potential for growth remains strong. As the pioneer of cryptocurrencies, Bitcoin continues to lead the way, demonstrating resilience and potential in the ever-evolving crypto landscape.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/whats-next-for-btc-in-the-next-14-days/" rel="noopener noreferrer nofollow">Bitcoin Price Analysis: What’s Next for BTC in the Next 14 Days?</a></li> 
 <li><a href="https://cryptonewsland.com/the-bank-of-america-drops-33-of-profits-in-a-year-is-crypto-to-blame/" rel="noopener noreferrer nofollow">The Bank of America Drops 33% of Profits in a Year, Is Crypto to Blame?</a></li> 
 <li><a href="https://cryptonewsland.com/crypto-analyst-predicts-bitcoin-btc-to-flow-soon/" rel="noopener noreferrer nofollow">Crypto Analyst Predicts Bitcoin (BTC) to Flow Soon</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-miners-profitability-positive-net-profit-amid-current-market-conditions/" rel="noopener noreferrer nofollow">Bitcoin Miners Profitability: Positive Net Profit Amid Current Market Conditions</a></li> 
 <li><a href="https://cryptonewsland.com/analyst-forecasts-xrp-price-at-92-72-by-june-14th/" rel="noopener noreferrer nofollow">Analyst Forecasts XRP Price at $92.72 by June 14th</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/bitcoin-poised-to-surpass-the-34k-milestone-analysts-forecast/">Bitcoin Poised to Surpass the 34K Milestone, Analysts Forecast</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitcoin Poised to Surpass the 34K Milestone, Analysts Forecast

Crypto News Land

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