Bitcoin price may be headed to $54,000, says analyst who forecast October’s all-time high
Doctor Profit, a widely followed crypto analyst, says bitcoin is forming a “bear flag” pattern.
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Summary
- Doctor Profit, a widely followed crypto analyst, said bitcoin is forming a “bear flag” pattern.
- A breakdown from this pattern could extend bitcoin’s decline, with an initial slide to roughly $54,000–$56,000 and then possibly as low as $40,000–$50,000.
- Chart pattern interpretations, however, are subjective and can fail.
