Bitcoin Blasts Past $108K — $150K Breakout May Be Closer Than You Think
Bitcoin has just risen beyond $108,000, but it fails to break $111,800, increasing market worry.
Recent weeks have seen the cryptocurrency struggle to break through, leading experts to speculate on its future steps.
Doctor Profit, a crypto expert, has predicted two short-term Bitcoin price scenarios: volatility and long-term bullishness.
Doctor Profit recently said on X (previously Twitter) that Bitcoin might reach $120,000–$150,000 in the next months due to market factors.
The market is about to breakout, says Doctor Profit. He said, “We’re standing in front of a breakout, one that has the potential to send Bitcoin into the $120,000–$150,000 zone over the next few months.”
Data shows robust on-chain activity, positive technical structures, money flow, and macroeconomic considerations. Although the long-term picture is good, he warned of short-term swings.
Two Bitcoin Price Scenarios
Doctor Profit suggested two main consequences for traders. Bitcoin breaks out of a bull flag pattern and climbs beyond $113,000 barrier without a setback in the first scenario.
The expert thinks this scenario is too simple and suggests that market makers favor shakeouts before parabolic surges.
A rejection at the bull flag breakthrough or a liquidity grab at $113,000 is the more plausible second possibility. Bitcoin may resume its lower level, around $90,000 to $93,000.
He concluded that $93K is not bearish. Clearly a gift!” Doctor Profit thinks this downturn will reset market leverage and shake away weaker hands, laying the groundwork for a rebound.
The Bitcoin price has been rangebound for 226 days, resembling accumulation stages preceding large market breakouts.
Doctor Profit predicted a Bitcoin price of $120,000–$150,000 in the near future.
While there are several ways to reach this goal, a fall into the $90,000 to $93,000 level would allow for accumulation and lay the foundation for a strong upward rise.
