Promise

2024

Bitcoin

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<ul>
 <li>Analysts say huge sideways movement is ahead for Bitcoin (BTC).</li>
 <li>They preach the need for patience in what could be a boring few months ahead.</li>
 <li>The final sentiment says this will lead to only upward movement and a Bitcoin supply shock.</li>
</ul>
<p>As the crypto market settles into a steady sideways movement, crypto and Bitcoin (BTC) analysts study the charts and make keen observations. Using available analytics like historical charts and ongoing market movements, top crypto analysts have come to a resounding conclusion, bullish waves incoming.</p>
<p>For instance, the <a href="https://cryptonewsland.com/altcoins-massive-rally-loading-says-silver-tongued-crypto-market-analyst/" target="_blank" rel="noopener noreferrer nofollow">silver-tongued crypto and Bitcoin analyst</a> Doctor Profit reminds the crypto community to remain faithful. He mentions how all his calls so far have proven true. He draws light to his first call, incoming $48,000 when BTC was $38,000, the reverse, then $55,000. Now, he preaches the next leg up to a $72,000 BTC price.</p>
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   <p lang="en" dir="ltr">At 38k I told you 48k is next<br><br>At 48k I told you 38k is next<br><br>At 38k I told you 55 is next<br><br>At 55k I told you 72k is next<br><br>Then I told you about an incoming and massive sideway movement that can take few months. Accept the boring price action, its sideways to continue going up!</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/1788228388370501883?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 8, 2024</a>
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<p>Having said that, <a href="https://twitter.com/DrProfitCrypto" target="_blank" rel="noopener noreferrer nofollow">Doctor Profit</a> mentions that this next target will only arrive after a massive and long sideways movement that could take months. Thus, he asks the community to accept this slow and boring price action and remain patient because this sideways movement will only keep going up.</p>
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   <p lang="en" dir="ltr">Level 3 of the Magic Bands still looms as the next <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> target at now $91,184.<br><br>It's normal for price to sometimes stop in between to consolidate before reaching the bigger goal.<br><br>The cycle top band has also now expanded to $122,884, which has been hit every single cycle.… <a href="https://t.co/BkWrsVFlsm" rel="noopener noreferrer nofollow">pic.twitter.com/BkWrsVFlsm</a></p>— CryptoCon (@CryptoCon_) <a href="https://twitter.com/CryptoCon_/status/1788239309314687418?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 8, 2024</a>
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<p>Meanwhile, another analyst takes a big-picture look at the BTC price chart. According to this analyst the Magic Bands still points to a BTC target of $91,184. However, he says the cycle top is now standing at $122,884 for Bitcoin (BTC).&nbsp;</p>
<p>He explains how these magic bands have been hit for every Bitcoin cycle so far. Yet, the band can increase as the price rises. He too advices patience. So far, CryptoCon has made other <a href="https://cryptonewsland.com/bitcoin-surpasses-1-billion-on-chain-transactions-printing-another-bullish-signal-in-ongoing-bull-market/" target="_blank" rel="noopener noreferrer nofollow">bullish observations for Bitcoin</a>, and it all seems to be aligning.</p>
<p>Finally, popular analyst <a href="https://twitter.com/Ashcryptoreal/status/1788202200663020012" target="_blank" rel="noopener noreferrer nofollow">Ash Crypto</a> reminds the crypto community of a huge Bitcoin supply shock coming our way. He notes that the Honk Kong ETFs now hold 4278 BTC worth $265 million. So far, these ETFs have newly minted BTC and an additional 678 Bitcoin.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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 <li><a href="https://cryptonewsland.com/bitcoins-boring-sideways-movement-around-30000/" rel="noopener noreferrer nofollow">Bitcoin’s Boring Sideways Movement Around $30,000, Lower Pool in Sight</a></li>
 <li><a href="https://cryptonewsland.com/shib-coin-price-analysis-sideways-trading-or-a-rally-to-0-000015-zone/" rel="noopener noreferrer nofollow">SHIB Coin Price Analysis: Sideways Trading or a Rally to $0.000015 Zone?</a></li>
 <li><a href="https://cryptonewsland.com/xrp-signals-renewed-optimism-potential-breakout-ahead/" rel="noopener noreferrer nofollow">XRP Signals Renewed Optimism: Potential Breakout Ahead?</a></li>
 <li><a href="https://cryptonewsland.com/bitboycrypto-arrested-after-shocking-lamborghini-heist-livestream/" rel="noopener noreferrer nofollow">BitBoyCrypto Arrested after Shocking Lamborghini Heist Livestream</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-supply-shock-will-make-this-bull-run-the-biggest-so-far/" rel="noopener noreferrer nofollow">Bitcoin Supply Shock Will Make This Bull Run the Biggest So Far</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/bullish-bitcoin-promise-amidst-incoming-btc-supply-shock-could-trigger-grand-spike-for-altcoins/" rel="noopener noreferrer nofollow">Bullish Bitcoin Promise Amidst Incoming BTC Supply Shock Could Trigger Grand Spike for Altcoins</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bullish Bitcoin Promise Amidst Incoming BTC Supply Shock Could Trigger Grand Spike for Altcoins

Crypto News Land

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