Bitcoin Under Threat? Analyst Explores Two Bearish Black Swan Scenarios to Watch
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Market analyst Doctor Profit suggests Bitcoin might experience short-term volatility with potential drops to $70,000-$74,000 or even $50,000, while maintaining a bullish long-term view targeting $120,000-$140,000 by mid-2024. The analysis considers M2 money supply, FOMC decisions, and key technical indicators.
March 22, 2025 | 6:45 pm
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Technical analysis suggests Bitcoin might experience a pullback to $70,000-$74,000 range, with a more severe scenario potentially reaching $50,000. Long-term bullish sentiment remains intact.
Analyst's technical and macroeconomic analysis indicates potential short-term bearish pressure due to M2 money supply dynamics, FOMC decisions, and current market sentiment. Two potential bearish scenarios outlined suggest possible price corrections.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100