- Reputed crypto analyst reveals next major bullish targets for Bitcoin.
- He expects the pioneer crypto asset to reclaim $82,500 and $88,000 soon.
- Will these targets be hit this month or the next?
The crypto market enters a new week in the final month of Q3. In the eyes of many reputed analysts, the bear market has officially come to a close and crypto assets are drifting in a space that is identified as the early bull market phase. Amid this tentative time, one reputed crypto analyst reveals next major bullish targets for Bitcoin. According to him, the pioneer crypto asset is expected to reclaim $82,500 and $88,000 price ranges.
Reputed Crypto Analyst Reveals Next Major Bullish Targets for BTC
The popular crypto trader and analyst Doctor Profit already claimed that the crypto market is in an early bullish phase. A few weeks ago, he confirmed that the bear market phase had come to an end and went on to praise BTC for breaking past several resistance levels in one go. Then, he stated that just because the bear market phase is over, it does not mean that the bull market phase has begun.
For many, this created the perfect time to accumulate their most promising crypto tokens. In fact, Doctor Profit himself went on to accumulate BTC when it trades between the $54,000 and $64,000 price range. He also revealed that his portfolio now holds, for the first time ever, more ETH than it held BTC. On this move, he said that he expects ETH to outperform BTC this bull cycle.
Bitcoin Will Reclaim $82,500 and $88,000 Next
As for when he expects the main bull market phase to begin, the expert went on to highlight the remaining resistance levels that BTC had to break past. The first was in the $79,000 price range, which BTC did break past but may continue to retest. Next, he says to watch the $82,000 price range. Once these targets have been completely claimed, he expects BTC to move towards higher targets like $88,000.
As we can see from the post above, he confirms that he expects a breakout above $82,500, after which the main target is $88,000. This, he says, is a very new target, and it’s important to understand that it will take some time to reach. Thus, he concludes that first, 82,500 needs to break before $88,000 can come to view. Marking that he is very very bullish at the moment, he does say that a rejection on these targets could only bring BTC as low as the $71,000 price range.
He reiterates his bullish stand despite the possibility of BTC dipping towards the $71,000 price range. He concludes by advising traders to watch the 82,500 and 78,500 price ranges for now. All in all, he says because $65,400 and $69,000 targets were broken so easily, it is very clear that the market is entering a bull market phase. How long will it take for BTC to hit $88,000, this month or next?