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<p>Doctor Profit made a prediction about Bitcoin. He stated that the price could reach over $580,000 by 2028, which is his top target. The analyst used technical analysis and some economic indicators in determining this.&nbsp;</p>
<p>Some of the indicators include the M2 money supply, liquidity rates, and the current market cap of gold.</p>
<p><strong>M2 Money Supply:</strong> He thinks <a href="https://www.ig.com/uk/glossary-trading-terms/m2-money-supply-definition#:~:text=What%20is%20M2%3F,time%20deposits%20of%20under%20%24100%2C000." target="_blank" rel="noopener noreferrer nofollow">the M2 money supply </a>will see a 58% increase. The analyst estimates a rise from $21 trillion to $33 trillion by 2028. The liquidity increase is expected to boost Bitcoin’s price.</p>
<p><strong>Gold Market Cap</strong>: Doctor Profit notes that the gold market cap could reach between $13 trillion and $19 trillion. The increase in the gold market cap could have a major effect on the price of BTC.</p>
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   <p lang="en" dir="ltr">What is my top target for BTC ?<br><br>According to my calculation which is based on M2 money supply, probability rate of new liquidity amount and current Gold movement which reached an estimated market cap of between 13-19 trillion (Which is higher for sure). The calculation also…</p>— Doctor Profit <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1840443009751818539?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 29, 2024</a>
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<p><strong>Bitcoin Supply Dynamics</strong>: There are around 15 million BTC remaining in circulation. 6 million BTC are already lost forever; this scarcity could drive demand and price.</p>
<p><strong>Black Market Inflows:</strong> He acknowledges that illicit market activities could inadvertently benefit Bitcoin, further enhancing its value.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/these-btc-metrics-indicate-imminent-bitcoin-price-breakout-one-resistance-left/" target="_blank" rel="noopener noreferrer nofollow">These BTC Metrics Indicate Imminent Bitcoin Price Breakout: One Resistance Left</a></em></strong></p>
<h2 class="wp-block-heading" id="market-behavior-expectations-path-to-580k">Market Behavior Expectations: Path to $580k</h2>
<p>Doctor Profit anticipates that Bitcoin will not experience significant bear markets over the next four years. He clarifies a common misconception regarding market corrections, stating:</p>
<p><em>“When there is a clear target of 580k, starting from 60k, there is no bear market for an investor that plans to hold for 4 years.”</em></p>
<p>He expects several 40–50% corrections along the way, particularly at key price points such as $120k, $160k, and $220k. These fluctuations, while substantial, are seen as natural and healthy for the market.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/sui-network-breaks-1-billion-in-tvl-in-less-than-2-years-sui-price-pumps/" target="_blank" rel="noopener noreferrer nofollow">Sui Network Breaks $1 Billion in TVL In Less Than 2 Years! SUI Price Pumps&nbsp;</a></em></strong></p>
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<h2 class="wp-block-heading" id="strategy-for-investors">Strategy for Investors</h2>
<p>Doctor Profit advises investors to adopt a dual strategy:</p>
<p>Maintain a portion of Bitcoin for the long haul, unaffected by short-term market fluctuations. They can also engage in timely trading to capitalize on market corrections.</p>
<p>Doctor Profit’s analysis encourages a perspective that views market corrections not as bear markets but as <a href="https://bitmama.io/blog/how-to-buy-the-dip-in-crypto/" target="_blank" rel="noopener noreferrer nofollow">opportunities for strategic investment.</a> His target for Bitcoin remains a bold vision for the future of cryptocurrency.</p>
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<p>The post <a href="https://captainaltcoin.com/expert-analyst-reveals-top-target-for-bitcoin-btc-price-draws-out-path-to-580k/" rel="noopener noreferrer nofollow">Expert Analyst Reveals ‘Top Target’ for Bitcoin (BTC) Price, Draws Out Path to $580k</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Analyst Reveals ‘Top Target’ for Bitcoin (BTC) Price, Draws Out Path to $580k

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