Analyst Predicts Bitcoin Buy Level Amid Short-Term Bounce Expectation

Crypto analyst Doctor Profit has disclosed his strategy for Bitcoin, focusing on short-term trading opportunities.

Key Points:

Doctor Profit plans to accumulate BTC around $86,000 for a potential relief rally.
The analyst anticipates Bitcoin could reach the $97,000 to $107,000 range before a significant downturn.
This projected move represents a 20% increase from current levels, offering a favorable risk-reward ratio with a tight stop loss.
Despite this short-term optimism, Doctor Profit remains bearish long-term, expecting further declines.
He emphasizes rigorous risk management, planning to secure profits if BTC rises as expected.
Mid-term outlook remains unstable and bearish, with potential for a strong downside continuation.
Ali Martinez, another analyst, warns that BTC must hold the $87,000 level to avoid a drop to $70,000.

Currently, Bitcoin is trading at approximately $86,600, showing an increase over the past 24 hours.

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