Bitcoin eyes $120K–$150K as whales accumulate, with a possible dip to $90K–$93K offering a key buy zone for bullish momentum.
Analysts favor a short-term shakeout to $90K–$93K before a strong rally, as market makers resist clean breakouts without retracement.
With 226 days of consolidation and macro indicators aligned, Bitcoin is positioned for an explosive breakout in the months ahead.
Bitcoin consolidates at $107,600, but all signs suggest a huge breakout in the upcoming months, according to Doctor Profit's analysis. According to him, Bitcoin might hit $120,000 to $150,000 before the year is out. But the short-term course is still unclear. There are now two high-probability scenarios that are supported by macro alignment, liquidity positioning, and solid on-chain data. Bullish momentum is still strong despite little turbulence. There is an active accumulation of large wallets. Thus, mood and technicals both point to a possible upswing in the future.
Short-Term: Dip Before the Rip?
Doctor Profit sees two likely outcomes for the short term. The first option involves a breakout from the bull flag. Bitcoin could pierce the $113,000 resistance and push directly toward $120,000. However, such moves are often unsustainable. Hence, this scenario is less probable. Market makers tend to resist parabolic runs without shakeouts.
Source: Doctor Profit
The second option appears more realistic. Bitcoin could fake a breakout, triggering late long entries. Then, it might plunge toward the $90,000–$93,000 support zone. This region holds liquidity and a CME gap. Technical confluence strengthens this probability. Consequently, many traders are setting long orders in that range. A flush here could reset leverage, spark fear, and flush weak hands. However, it also lays the foundation for a sharper, more explosive rebound.
Long-Term Outlook Remains Crystal Clear
The bigger picture remains strongly bullish. Bitcoin has now moved sideways for over 226 days. Similar patterns appeared before previous breakouts. In the past, BTC consolidated for 224 and 245 days before breaking the $25K and $50K ranges, respectively. Currently, the market structure suggests that history could repeat.
Moreover, M2 money supply growth indicates Bitcoin still lags behind macro trends. Additionally, large wallets keep buying at current levels. This accumulation phase supports a massive move higher. Hence, a dip to $90,000–$93,000 should not worry bulls. It’s a setup for the next major leg up. Notably, the zone exhibits convergence in liquidity, structure, and market psychology.
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