Following the most-anticipated Bitcoin halving, the speculations about the next upward price movement have been continuously spiking. Doctor Profit, a pseudonymous crypto analyst on X, has recently discussed the upcoming [ccpw id=60415] super cycle, saying that the token is showing signs similar to the former leg of this bull run.
Doctor Profit Highlights Factors Hinting Towards Next Leg of Bitcoin Bull Run
As per the analyst, the top crypto asset has been seeing sideways movement within the range of 60k-72k. This potentially points toward the next bullish momentum. Doctor Profit added that, from December last year to mid-February this year, Bitcoin saw a sideways price movement of nearly 22%. At this time, the biggest cryptocurrency is reportedly repeating that cycle with a 23% price range.
According to the analyst, before showing this same pattern, the token jumped to its all-time high price of 68k. This indicated a surge of up to 50% within just 3 weeks. The analyst disclosed that respective price movement is quite beneficial for the crypto and signifies a huge bull run to come. In addition to this, the analyst also advised the BTC lovers to cash this opportunity to buy more and more tokens.
The accumulation at this time will provide huge benefits to the investors, the analyst added. In this respect, Doctor Profit referred to the big market players like Tether. As the analyst puts it, these assets are preparing for the impending bull run. Hence, Tether (USDT) has reportedly printed above 8% of the cumulative supply within the recent sixty days.
The Analyst Says This Is the Accumulation Range With USDT Preparing for the Super Cycle
BTC touched an all-time high spot of 74k while the [ccpw id=60494] had a market capitalization of $102B. Currently, the market cap of USDT has touched the peak of $110.5B within only sixty days. Though BTC is still displaying sideways movement, the top players are preparing and waiting for the super cycle.
The analyst thinks that the super cycle will take place after the fulfillment of a condition. Thus, if BTC surpasses the price spot of 72k, it can enter the super cycle. For the same reason, Tether is preparing by printing more and more tokens. From Doctor Profit’s point of view, this is the accumulation range while the massive pump is loading.
