Analyst Doctor Profit: Bitcoin Repeating 2022-2023 Structure, Next Target $88K
- —The 50-week MA sits near $78,700, with BTC trading around $85,000
- —Since 2011 BTC reclaimed the MA50W seven times; five led to bull markets
- —Doctor Profit sets an $88,000 target once remaining resistance clears
- —Crypto Patel points to a 364-day peak-to-bottom cycle and a $370,000 target
Why it matters: Reclaiming the 50-week average has historically preceded bullish phases, reinforcing expectations that the rally can extend.
Source: CryptoPotato