According to the popular Crypto analyst, Bitcoin can be about to be about a huge outbreak, according to the popular crypto analyst Doctor profitwho predicts a potential price die for 170% In the coming months. With a gold cross formation, important support in the neighborhood $ 100kand a crucial CPI -Inflation report Only a few days away, the market can be on its way to explosive profit.
Bitcoin -eyes Breakout is tested when key resistance is tested
Bitcoin was traded at the beginning of June at $ 104,588.85, but fell briefly by 4.10% between 3-5 June. However, it bounced back sharply from $ 100,400 June 6Reden 2.74% in a single day. Since then, BTC has received another 5.07%Currently around $ 106,663.68.
Doctor profit shared on X (formerly Twitter) That Bitcoin tries to break a diagonal resistance line– A movement that he believes could launch the BTC in a new one all time high soon.
“A confirmed Golden Cross and Strong $ 100k support signal a bullish breakout. BTC could rise 70-170% if macro factors coordinate,” he wrote.
Why CPI Inflation Data can make or break BTC -Rally
- Also read:
- US CPI Report to decide on the next step of crypto – will the Fed stop?
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Which is even more important, the American inflation percentageHe fell to 2.3% Wall Street is expected in April 2.5%. Doctor profit, however, believes that the number that could be Surprise to the disadvantage– possibly between 2.1% and 2.3%. A lower than expected CPI could cause optimism, Increasing the chances of accelerating a fed—A bullish catalyst for bitcoin.
Next bitcoin price objective: $ 108k – $ 110k?
Doctor win also notes on one liquidity cluster between $ 108k and $ 110kwhat can be BTCs Next short -term objective For a greater outbreak. If Bitcoin pushes through that zone, this can open the path for a persistent rally.
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