- Reputed analyst calls for BTC to hit $94,000 soon.
- He also expects cycle top ATH in $300,000 range by 2028.
- The cycle top ATH for BTC this time could lie between $350,000 – $380,000.
The crypto community remains hopeful to see BTC break above the $82,000 resistance level once again and reclaim higher highs sometime this month. At the moment, the price of BTC is trading in the $81,000 price range, leaving ETH staggering in the $2,400 price range. Amidst the many predictions in the space, one reputed analyst calls for BTC to hit $94,000 soon and expects cycle top ATH in the $300,000 range by 2028.
Reputed Analyst Calls for BTC to Hit $94,000 Soon
According to him, BTC confirmed that the bull market had begun when the pioneer crypto asset broke past several resistance levels including the $82,000 price range. But since its correction from the $87,000 price range has brought it back to $81,000, sentiments have been low.
However, in the eyes of this analyst, the correction was healthy and will only lead to BTC breaking out once again to break past both the $82,000 and the $88,000 resistance levels, allowing the asset to reclaim a higher target. In detail, Doctor Profit expects the next bullish target for BTC to be sitting at the $94,000 price range. As to why he expects these targets next, he goes on to elaborate in his latest weekly report.
Cycle Top Price for BTC Could See ATH in $300,000 Price Range
In his view, that correction was needed to reset several on-chain indicators, as well as the RSI, with the bearish divergence playing out exactly as he had been expecting. So now BTC is in a very interesting formation, during the last bearish divergence, Bitcoin corrected down to the orange line, as depicted in the image accompanying the post, and bounced from there. This time, following the current bearish divergence, BTC once again dropped to the orange line, and it looks like it will bounce from here once again.
So, his next Bitcoin target remains $94,000 for BTC as, this time, he expects accumulation instead of distribution, in the area of $86,000 – $88,000, with buyers absorbing the selling and turning resistance into support. Thus, he concludes that this will be the reason that brings BTC to $94,000. He finishes by making a bold statement saying that he is expecting to see much higher targets arrive for BTC over the coming weeks. Ultimately, he expects BTC to set its cycle top between $350,000 – $380,000 over the next 2-3 years.
