Bitcoin

when

Read

Polygon

<ul>
 <li>Doctor Profit predicts a surge to $52,000, citing technical breakthroughs.</li>
 <li>Monthly Supertrend turns very bullish, hinting at a golden bull.</li>
 <li>DoctorProfit celebrates the 4th-anniversary of his analysis channel.</li>
</ul>
<p>In the latest comprehensive Sunday report, <a href="https://twitter.com/DrProfitCrypto" target="_blank" rel="noopener noreferrer nofollow">Doctor Profit</a>, a highly regarded Bitcoin and cryptocurrency market analyst, delivered a detailed analysis of Bitcoin’s recent performance and outlined his predictions for the immediate future.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> &nbsp;– whats next ?<br><br>The big Sunday report, all you need to know:<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a9.png" alt="🚩" class="wp-smiley" style="height: 1em; max-height: 1em;"> TA/ LCA/ Psychological Analysis: Last week when Bitcoin was between 40-42k I told you that Market changed and I notified you that BTC indeed managed to breakout above MA100, EMA50, and recently MA50… <a href="https://t.co/jguiO20pn4" rel="noopener noreferrer nofollow">pic.twitter.com/jguiO20pn4</a></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/1756653875430346756?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p><a href="https://cryptonewsland.com/justin-sun-hints-chinas-bitcoin-etf-entrance-doctor-profits-prediction-strengthens/" target="_blank" rel="noopener noreferrer nofollow">Renowned analyst</a> Doctor Profit provides insights on Bitcoin’s next moves. His key takeaways highlight technical analysis, market sentiment, and upcoming events. To specify, all point towards bullish signals.</p>
<p>The&nbsp; <a href="https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/technical-analysis/" target="_blank" rel="noopener noreferrer nofollow">technical analysis</a> (TA), LCA, and psychological analysis indicates a significant shift in the market when Bitcoin broke out above MA100, EMA50, and MA50 daily. Predicting this breakout accurately, he asserted that the bulls are back, and his targets of 44k and 48k were hit with precision. Anticipating a strong bullish continuation, he foresees Bitcoin reaching the 50-52k region in the coming days.</p>
<p>Next, he emphasized the extreme bullish sentiment in the market, pointing out the monthly Supertrend turning very bullish for the first time since mid-2019. He drew parallels to historical trends, suggesting that the golden bull is awakening, and the third stage of the bull market is imminent after a clear breakout above 48k. Notably, over $400 million worth of Bitcoin spot ETF was bought recently, contributing to the market’s upward momentum.</p>
<p>Looking ahead, Doctor Profit highlights two crucial events in the calendar. He expects the CPI inflation data on Tuesday to cause volatility, with potential sell pressure on DXY and increased buying pressure on both the stock market and cryptocurrencies.</p>
<p>On Friday, the PPI data is anticipated to bring less volatility. Thus, <a href="https://cryptonewsland.com/renowned-analyst-doctor-profit-unveils-latest-bitcoin-market-insights/" target="_blank" rel="noopener noreferrer nofollow">Doctor Profit expresses confidence</a> in Bitcoin’s upward trajectory in the coming days or weeks, minimizing expectations for significant retracements or dumps.</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/renowned-analyst-doctor-profit-unveils-latest-bitcoin-market-insights/" rel="noopener noreferrer nofollow">Renowned Analyst Doctor Profit Unveils Latest Bitcoin Market Insights</a></li>
 <li><a href="https://cryptonewsland.com/popular-bitcoin-analyst-urges-caution-sec-and-binance-conflict/" rel="noopener noreferrer nofollow">Popular Bitcoin Analyst Urges Caution SEC and Binance Conflict</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-analyst-doctor-profit-identifies-polygon-matic-as-the-next-gem/" rel="noopener noreferrer nofollow">Bitcoin Analyst Doctor Profit Identifies Polygon (MATIC) as the Next Gem</a></li>
 <li><a href="https://cryptonewsland.com/crypto-analyst-reveals-latest-steps-in-navigating-the-current-market-landscape/" rel="noopener noreferrer nofollow">Crypto Analyst Reveals Latest Steps in Navigating the Current Market Landscape</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-poised-to-surpass-the-34k-milestone-analysts-forecast/" rel="noopener noreferrer nofollow">Bitcoin Poised to Surpass the 34K Milestone, Analysts Forecast</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/popular-bitcoin-analyst-predicts-bullish-surge-to-52k-in-latest-report/" rel="noopener noreferrer nofollow">Popular Bitcoin Analyst Predicts Bullish Surge to $52K in Latest Report</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Popular Bitcoin Analyst Predicts Bullish Surge to $52K in Latest Report

Crypto News Land

Other articles published on Feb 12, 2024

Bitcoin (BTC) halving makes mining billionaire shift into Kelexo (KLXO) presale and Ethereum (ETH...

Bitcoin Google Search Trends Drop Back to Bear Market Levels Despite Price Highs

Cardano (ADA) Price Prediction: Investors Turn To Smog (SMOG) and Bitcoin Minetrix (BTCMTX) Inste...

Top 25 crypto CEO’s $50,000 bet on new Solana (SOL) competitor attracts attention

Dymension Price Prediction: DYM Plunges 8% After 73% Weekly Pump As This Fascinating New Electric...

New Solana Airdrop-Focused Meme Coin Launched on Jupiter DEX – Could This Be the Next 1000x Coin?

Join our free newsletter for daily crypto updates!