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BTC reclaims $109,000 target and silver-tongued analyst reveals strategy for new ATH. 

He expects BTC to hit a primary ATH target between $120,000 and $130,000.

This bullish strategy can play out in two scenarios.

The crypto market continues to show strong signs for parabolic price pumps in the days ahead, starting with BTC hitting a new ATH. This primary Bitcoin ATH target lies between between $120,000 and $130,000. As BTC reclaims $109,000 target a reputed silver-tongued analyst reveals his strategy for making it to the $130,000 price arrival. This includes a few possible scenarios, which he explains in his weekly report. 

Silver-Tongued Analyst Reveals Strategy

As he does almost every week, the reputed silver-tongued analyst reveals his current strategy in a special report. To highlight, Doctor Profit, known for his accurate predictions shares an in-depth weekly report covering technical analysis and a psychological breakdown of the current crypto market and what he expects to see next for the price of the pioneer crypto asset Bitcoin (BTC). 

To begin, he says that the market structure remains bullish intact. As Bitcoin continues to consolidate within a well-defined bull flag on the daily timeframe it depicts a classic continuation pattern that historically precedes major breakouts. He concludes that his base case remains unchanged: a breakout towards a new all-time high, with $120,000 - $130,000 as the primary target. 

https://twitter.com/DrProfitCrypto/status/1941905707290235175

He claims that two paths can lead BTC to this target. The first scenario involves a breakout to $113,000 - $114,000 price range, followed by a correction into the $92,000 - $93,000 range. That region aligns with the CME gap and a major liquidity pool. Once filled, a strong bounce from that level would set the stage for a clean move to the main $120,000 price target. 

Meanwhile, the second scenario plays out more aggressively. Bitcoin breaks through the flag, hits $113,000 - $114,000, and continues toward the $120,000 zone without revisiting the lower liquidity pocket. In both cases, $113,000 - $114,000 remains the key level to watch. What follows from there will likely be a sharp correction or a straight continuation, that will define the speed of the next leg. 

Weekly Report Reveals $130,000 ATH Next  for BTC

Next, he reveals his current strategy. With a bullish BTC structure, a calm market, and balanced sentiments, he declares that there is no reason to over-trade. He says to hold spots, while partaking in strategic buying of long orders between $92,000 - $93,000 in case of scenario 1. 

He then talks about possible events that could trigger volatile action, which is the FOMC meeting minutes on Wednesday, although he doesn’t think anything big will shake this week. Ultimately, he ends his report saying that the breakout structure is valid, market data confirms strength, on-chain behavior is misunderstood, and the price action remains bullish with a primary target of $120,000 - $130,000K and the road ahead is getting clearer.