#BTCRebound

A price prediction for Bitcoin made exactly a month ago by the popular crypto analyst Doctor Profit on the social media platform X has unfolded with interesting accuracy. On March 21, Doctor Profit described a detailed trajectory of Bitcoin's price, predicting specific price movements, resistance and support zones, and the influence of the M2 money supply. A month later, on April 21, the movements of Bitcoin's price have faithfully reflected the analyst's forecast, lending credibility to the remaining parts of his prediction.

Doctor Profit's analysis is based on Bitcoin's response to changes in the M2 money supply, which he identified as a misunderstood indicator. He argued that while the market experienced an increase in liquidity starting in February, the significant bullish rally of Bitcoin since September 2024 had already accounted for this liquidity expansion, contrary to what most investors expected.

It is noteworthy that Doctor Profit had previously highlighted a key technical level, the weekly EMA 50, also known as the Golden Line, at approximately $76,000. He expected a rebound from this level, projecting a move to the $87,000 to $88,000 region before another correction.