Based on Cryptonewsland, Doctor Profit, a well-known crypto analyst, has stated that Bitcoin is currently sitting at a historic support point, known as the Golden Line, around $99,200. In his latest weekly report, he suggests that BTC may break below this level, signaling a potential bear market. He also notes a liquidity cluster around $116,000–$117,000 and anticipates further market manipulation to build downside liquidity before a possible price drop.
Doctor Profit Predicts Bitcoin at Historic Support Point, Warns of Potential Bear Market
CryptonewslandShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.