Rally

Cardano

Read

Coin

<ul>
 <li>Renowned Bitcoin (BTC) and crypto analyst Doctor Profit makes his latest prediction.</li>
 <li>He says ongoing sideways movement marks massive whale accumulation moves.</li>
 <li>This will eventually trigger the long-awaited super cycle leading to the golden bull run.</li>
</ul>
<p>Popular <a href="https://cryptonewsland.com/renowned-analyst-doctor-profit-predicts-bitcoin-surge-beyond-100k-after-halving/" target="_blank" rel="noopener noreferrer nofollow">crypto and Bitcoin (BTC) analysis</a> reveals what’s next for the pioneer crypto asset in today’s weekly report. So far, Doctor Profit’s reports have been incredibly accurate, will this prediction reveal something even more precise?</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> – What's 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: Don't confuse sideways movements with weakness. During these sideways movements, things happen in the background that you don't see. These include massive whale accumulation… <a href="https://t.co/PwSm5RTTYs" rel="noopener noreferrer nofollow">pic.twitter.com/PwSm5RTTYs</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/1789607596669681766?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 12, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>According to the psychological analysis aspect of this report <a href="https://twitter.com/DrProfitCrypto" target="_blank" rel="noopener noreferrer nofollow">Doctor Profit</a> begins by saying <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">sideways movement</a> is not market weakness. He says a lot happens in the background during this time including massive whale accumulation over several weeks strung together.</p>
<p>In addition, massive printing of new USDT will take place, assets that have yet to be injected into the markets. He also reminds his readers that sideways movements have happened after every Bitcoin Halving cycle so far.&nbsp;&nbsp;</p>
<p>He then goes on to identify the crypto cycle phase that we are presently in which is the pre-super cycle phase. Following this will be the onset of the super cycle phase where all promised gains and ATHs will occur.</p>
<p>He also identifies the start of this super cycle phase to break out above the $72,000-$74,000 mark. Until then, he encourages traders and investors to be patient and remain calm and steady during this boring sideways phase.</p>
<p>Next, he refers to the electrical cost of Bitcoin mining which has shot up to between $65,000 and $75,000. Doctor Profit predicted earlier in the year that miners will need Bitcoin (BTC) to be at $80,000 for them to remain in profit.&nbsp;</p>
<p>With a higher value they can earn between $5,000-$15,000 each. At current BTC prices their gains stand at $2,000-$5,000. Doctor Profit encourages readers to check out his older predictions and compare how well they have played out so far.</p>
<p>Lastly, he reminds holders again <a href="https://cryptonewsland.com/renowned-analyst-doctor-profit-unveils-latest-bitcoin-market-insights/" target="_blank" rel="noopener noreferrer nofollow">not to underestimate the sideways movement</a> with its immediate pumps and dumps and bulls and bears take turns playing the market. Accumulation is what’s really playing out behind the scenes.</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/did-cardano-get-a-surprise-appearance-at-the-super-bowl/" rel="noopener noreferrer nofollow">Did Cardano Get a Surprise Appearance at the Super Bowl?</a></li>
 <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/super-guppy-indicator-for-xrp-trading/" rel="noopener noreferrer nofollow">Discover the Advantages of Super Guppy Indicator for XRP Trading</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/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></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/crypto-analyst-marks-boring-sideways-movement-as-whale-accumulation-phase-trigger-to-super-cycle-imminent/" rel="noopener noreferrer nofollow">Crypto Analyst Marks Boring Sideways Movement as Whale Accumulation Phase, Trigger to Super Cycle Imminent</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Crypto Analyst Marks Boring Sideways Movement as Whale Accumulation Phase, Trigger to Super Cycle Imminent

Crypto News Land

Other articles published on May 13, 2024

Cardano to Include CIP-69 in the Next Upgrade, Usher the ‘Voltaire’ Governance Era

Annoying News from Hong Kong Bitcoin and Ethereum ETFs: Seen for the First Time Since Launch

XRP Loses $0.5 as Whale Moves 30M Tokens to Exchange Platform

MakerDAO and Aave’s DeFi conflict reopens over DAI’s perceived risk growth

Gaming The System: Pundit Reveals Why XRP Price Will Reach $33

Korea Blockchain Week 2024 Announces Esteemed Headline Speakers, Claiming its Crown as the World’...

Join our free newsletter for daily crypto updates!