2024

Bitcoin

Read

Reversal

<ul>
 <li>The crypto market took a dip following ETH ETF launch, market reversed to recover.</li>
 <li>The immediate recovery suggests the bull cycle’s strong present momentum.</li>
 <li>Silver-tongued analyst predicted this move and says next prediction could trigger new ATHs.</li>
</ul>
<p>What many expected to be a longer crypto market dip has already been reversed showing the strength of the crypto bull cycle. One silver-tongued crypto analyst is pleased to see that the market is playing out just as he predicted.&nbsp;</p>
<p>In detail, the crypto market saw an unexpected dip yesterday. This was an expected dip according to many crypto analysts who expected a dip following the launch of <a href="https://blockworks.co/ethereum-etf" target="_blank" rel="noopener noreferrer nofollow">ETH ETFs</a>. Just like when BTC ETFs were launched, the market then took a 20% dip.&nbsp;</p>
<p>Presently, the <a href="https://cryptonewsland.com/ethereum-etfs-surpass-1-billion-in-trading/" target="_blank" rel="noopener noreferrer nofollow">dip following the ETH ETFs</a> was much lower than the dip following BTC ETFs. This significant difference in dips was <a href="https://cryptonewsland.com/14000-eth-ath-after-etf-launch/" target="_blank" rel="noopener noreferrer nofollow">predicted by the silver-tongued crypto analyst</a> Doctor Profit. This was not his first accurate prediction.&nbsp;</p>
<p>Having been right once again, <a href="https://x.com/DrProfitCrypto" target="_blank" rel="noopener noreferrer nofollow">Doctor Profit</a> draws light to what he believes will be the next accurate prediction from his many crypto market prophecies. First, he takes a moment to marvel at the strength of the ongoing bull market.&nbsp;</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">Now after MtGox creditors got paid back in <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a>, the market has not reacted insanely as predicted by 90% of Twitter accounts who called for dooms day.<br><br>This proofs that only few of the creditors have an interest to sell here, forcefully holding for 10 years, teached them a lot</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/1816582942841282756?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>As of now, Mt Gox has fully paid back its creditors with their promised Bitcoin (BTC) shares. So far, many expected there to be a monumental 90% market crash due to mass selling. However, not many have sold and Doctor Profit says that these users have been forced to hold for 10 years teaching them a valuable lesson in holding BTC.</p>
<p>It seems now that the market has no major cause for FUD, Bitcoin’s recovery to its old ATH and its venturing towards the discovery phase will hasten. On this, Doctor Profit is certain that the price of Bitcoin will hit a new ATH soon and shares one major cause to be the awaited announcement from Trump at the Bitcoin Conference.&nbsp;&nbsp;&nbsp;</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 post from February 12th – 2023 <br><br>Mark my words, saying it since 2020. The USD will be backed up by <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>..<br><br>Connect the dots. <a href="https://t.co/wGbTCk3wAg" rel="noopener noreferrer nofollow">pic.twitter.com/wGbTCk3wAg</a></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/1816613185333658091?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>He predicted that USD will be backed by Bitcoin in 2020 and reminded his followers once again in Feb 2023. With what US leaders are preaching about making Bitcoin a more stronger asset within US borders, it looks like his prediction could play out once again.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/metaplanet-and-bitcoin-magazine-collaborate-to-launch-bitcoin-magazine-japan/" rel="noopener noreferrer nofollow">Metaplanet and Bitcoin Magazine collaborate to launch Bitcoin Magazine Japan</a></li>
 <li><a href="https://cryptonewsland.com/marathon-digital-invests-100-million-in-bitcoin-embraces-long-term-hodl-policy/" rel="noopener noreferrer nofollow">Marathon Digital Invests $100 Million in Bitcoin, Embraces Long-Term HODL Policy</a></li>
 <li><a href="https://cryptonewsland.com/bitcoinos-unlocks-new-scalability-with-first-zero-knowledge-proof-on-bitcoin-mainnet/" rel="noopener noreferrer nofollow">BitcoinOS Unlocks New Scalability with First Zero-Knowledge Proof on Bitcoin Mainnet</a></li>
 <li><a href="https://cryptonewsland.com/revolutionary-w5-smart-wallet-makes-gasless-transactions-possible-on-ton/" rel="noopener noreferrer nofollow">Revolutionary W5 Smart Wallet Makes Gasless Transactions Possible on TON</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/market-dip-cancelled-bitcoin-rallies-fast/" rel="noopener noreferrer nofollow">Market Dip Cancelled as Bitcoin Rallies Faster Than Expected, Reversal in Play as Silver-Tongued Analyst Predicted</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Market Dip Cancelled as Bitcoin Rallies Faster Than Expected, Reversal in Play as Silver-Tongued Analyst Predicted

Crypto News Land

Muita 26. heinäk. 2024 julkaistuja artikkeleja

Bitcoin and Ethereum Options Expire Today, Impacting the Crypto Market

No Settlement in Ripple vs SEC Lawsuit? Expert Bill Morgan Busts the Hype

Binance's First Airdrop Portal Project: What is Banana Gun?

Revolutionary W5 Smart Wallet Makes Gasless Transactions Possible on TON

Australia’s Big Banks Block Crypto Payments Amid Rising Crypto Popularity

It’s Like Buying ETH for $1 – Discover Extremely Cheap and Bullish Altcoins Right Now

Join our free newsletter for daily crypto updates!