Elite

Bitcoin

Cosmos

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<p><strong>Dr. Profit, a renowned trading strategist and expert in technical analysis, recently unveiled his latest insights on Bitcoin’s future trajectory. In his comprehensive Sunday <a href="https://x.com/DrProfitCrypto/status/1703343419437862939?s=20" target="_blank" rel="noopener noreferrer nofollow">report</a>, he underscored the precision of his prior forecasts, including a long position at the liquidity pool valued at approximately $25,200 and a short-term target of $26,800.</strong></p> 
<p>Doctor Profit is eyeing the $25,600 region for a potential long trade. He plans to capitalize on this by placing several long orders in that area. However, he emphasizes that this short-term bullish stance doesn’t indicate a long-term outlook. He advises traders to distinguish between Scalp and Swing trades, as mixing these up often leads to confusion.</p> 
<p>The liquidity pool, a topic of discussion in Doctor Profit’s previous reports, continues to grow. It’s now substantial enough to be a legitimate target for market makers. The famous Twitter analyst points out that $28,600 is the next potential target for these market makers, especially if Bitcoin breaks above the EMA200 daily, currently at $26,990. He believes that the profits market makers could make from hitting the $28,600 mark are equivalent to the profits from a drop to the $23.5k region. If Bitcoin reaches the $28,600 region, Doctor Profit plans to increase his short positions.</p> 
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<h2 class="wp-block-heading" id="strong-long-term-market-outlook-strong"><strong>Long-Term Market Outlook</strong></h2> 
<p>Despite the short-term trading opportunities, Doctor Profit maintains a bearish stance. He warns traders not to be misled by liquidity grabs. His previous target of $23,500 has now been adjusted, and he’s now looking at the 23 – 20k region as the potential local bottom before the 2024 bull market kicks off.</p> 
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<p>He believes a significant dump, accompanied by widespread fear, is necessary before the next bull market can commence. Doctor Profit’s analysis suggests two key levels to watch: a long scalp at the $25,600 region and adding more shorts at the $28,600 region. His main bearish target remains the 23 – 20k region, which he believes has become even more bearish.</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/elite-crypto-analyst-eyes-25-6k-bitcoin-long-before-drop-to-this-level/">Elite Crypto Analyst Eyes $25.6k Bitcoin Long Before Drop to This Level</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Elite Crypto Analyst Eyes $25.6k Bitcoin Long Before Drop to This Level

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