The price prediction of Bitcoin by the analyst from March was correct, here is the rest.

A prediction about Bitcoin's price was made exactly one month ago by the famous cryptocurrency analyst Doctor Profit on the social media platform X, which materialized with interesting accuracy. On March 21, Doctor Profit outlined a detailed price trajectory for Bitcoin, predicting specific price movements, resistance and support zones, and the impact of M2 money supply. Back on April 21, Bitcoin's price movements closely reflected the analyst's forecast, lending credibility to the rest of his predictions. How did Bitcoin track Doctor Profit's March forecast? Doctor Profit's analysis is based on Bitcoin's reaction to changes in M2 money supply, which he identifies as a misunderstood indicator. He argues that although the market has experienced a liquidity increase starting from February, the significant price surge of Bitcoin from September 2024 onwards has already accounted for this liquidity increase, contrary to what most investors expect. Notably, Doctor Profit previously highlighted an important technical level, the weekly EMA 50, also known as the Golden Line, at around 76,000 dollars. He expects a recovery from this level, anticipating movement to the zone of 87,000 to 88,000 dollars before another correction. Bitcoin has almost followed this scenario, dropping sharply in the first few days of April before recovering from around $76,000 on April 9. Currently, Bitcoin has risen back above $87,000, exactly matching Doctor Profit's prediction. Next phase: Bitcoin is heading towards the support zone at 70,000 to 74,000 dollars. Now Bitcoin has rallied and is trading above $87,000 once again, Doctor Profit's next immediate target is a potential collapse to the $74,000 to $70,000 range, slightly below the highlighted golden line. According to the analyst, the market behavior at this support zone will be decisive. It is at this zone that the price of Bitcoin will reveal its next main directional trend. Doctor Profit has outlined two clear scenarios based on Bitcoin's reaction within the price range of $74,000 to $70,000. If Bitcoin only experiences a temporary wick within this range and manages a strong daily or weekly close back above the Golden Line, this will signal a reversal and it would be wise to close short positions and begin accumulating long positions. However, if Bitcoin closes below this critical zone, it could trigger a deeper downward move, leading its price to fall significantly lower, potentially returning to the $50,000 zone in the worst-case Black Swan scenario.

Notably, regardless of any bearish scenarios that occur, it is expected to happen in April and may extend into early May. Despite the current short-term bearish outlook, Doctor Profit still maintains a long-term bullish stance. He confidently predicts that the Bitcoin bull run will continue around May or June, ultimately pushing the price to a new all-time high ranging from 120,000 to 140,000 dollars.

At the time of writing, Bitcoin is trading at $87,526, up 3.28% in the past 24 hours. The bearish outlook towards $74,000 will only be invalidated if Bitcoin successfully closes the weekly candle above $100,000.