Bullish BTC continuity to prevail for the pioneer crypto asset.
Reputed silver-tongued crypto analyst changes tune back to bullish verses.
He went on to buy back Bitcoin in bulk.
Reputed crypto analyst changes tune and believes that the crypto market is heading in a bullish direction. After just sharing his expectations of a massive Bitcoin price decline, this analyst reveals that he is buying back Bitcoin at a discounted price. The analyst had initially sold all his crypto holdings to preserve his profits and now believes the opportunity has arrived to safely enter a less volatile market.
Crypto Analyst Changes Tune
A reputed analyst known for his many silver-tongued predictions, Doctor Profit, spent the entirety of the previous week setting up hedge trades and making profit out of short trades on the price of BTC. This analyst then closed all trades and swapped all his crypto to stablecoins and expected a massive BTC price dump to the $82,000-$92,000 price level. He even warned the crypto market to brace for a heavy dump.
https://twitter.com/DrProfitCrypto/status/1937276490627870945
As we can see from the post above, Doctor Profit has now changed his tune to buy Bitcoin back at what he believes to be a 2% discount from when he swapped the asset. Initially, the analyst believed that a great dip was coming due to the US joining in the Israel and Iran conflict. Now, he claims that since the war has ended, there is no need to be bearish and that the prices of crypto assets including BTC will go up.
This was seen as a ridiculous move from many in the crypto community. Many share their bafflement over the analyst panic-swapping his crypto. During the short bearish sentiment, the price of BTC dropped to the $99,000 price range and many are calling the trader silly for having lost a much lower entry back into the market. However, the analyst remains adamant in saying that he may have missed a lower priced window, but he still entered at a discount.
Bullish Continuity to Prevail
After all, hindsight proves a great vision, but making critical decisions during uncertain markets is what defines a trader. Doctor Profit expected the market to turn either way and preach of uncertainty. He also set hedge trades to mitigate risks and protect his profits. Presently, he seems convinced that there is no longer any reason to remain bearish and is back in with trades.
https://twitter.com/DrProfitCrypto/status/1937288481656500475
Doctor Profit made a similar move before at the start of the year when he predicted the rise and fall of Bitcoin during its prolonged correction phase. Now, back in bullish sentiment, he states that a huge liquidity cluster lies in the region of $113,000 for BTC and that a lot of short liquidations are sitting in this area. With the regain of the golden line and the end of the war, he declares that uncertainty is gone and bullish continuity will prevail.
