As reported by Bitcoinist, a well-known crypto trader, Doctor Profit, has outlined a bearish outlook for Bitcoin following its peak at $125,000. He previously predicted the 2021 peak near $68,000 and the current cycle's top. Bitcoin has lost 8.4% in the past 24 hours and over 17% in two weeks. Doctor Profit views the current correction as the first stage of a deeper decline, with the next target at $60,000. On-chain data also shows large outflows from Grayscale and BlackRock, with over $3 billion in Bitcoin hitting exchanges in 45 minutes on November 20.
Crypto Trader Doctor Profit Predicts Bitcoin Price Target of $60,000 After $125,000 Peak
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