As reported by Cryptonewsland, Bitcoin price surged over $90,000, sparking bullish sentiments. However, analyst Doctor Profit shared his latest weekly report, maintaining a bearish outlook. He expects a bull trap to occur, with BTC remaining in a bear market despite the recent price increase. Doctor Profit highlighted key liquidity clusters and the importance of retesting the weekly EMA50. He outlined three possible market scenarios, with the most likely involving a move toward the $70,000 price target. The analyst also noted the potential impact of the FOMC statement on December 10.
Bitcoin Price Surges Over $90,000, Analyst Predicts Bear Market Continuation
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