Bitcoin investors waiting for a traditional four-year cycle bottom in September or October could be caught on the wrong side of the market, according to analyst Doctor Profit.<\/p>\n
While the four-year cycle worked \u201calmost perfectly\u201d at the top, now the analyst believes the opposite is happening.<\/p>\n
In his latest post on X, Doctor Profit said<\/a> he does not see Bitcoin falling below $50,000, although he identified the area around $54,000 as a major liquidity zone that remains important. \u201cThere is an extreme amount of liquidity around $54,000, and that cannot be ignored,\u201d he said, while estimating that a move from current levels to that price would represent roughly 15% downside.<\/p>\n Given that risk-reward profile, he argued that it makes sense to start accumulating now, but \u201cstep by step, not all in.\u201d\u00a0 The analyst also noted that he does not expect the next major rally to begin immediately.<\/p>\n Doctor Profit further explained that the market could front-run the widely anticipated cycle bottom while pointing to several crucial developments that could strengthen sentiment before then. For instance, the planned rollout of tokenized stocks through infrastructure involving major financial institutions, including BlackRock, the New York Stock Exchange, the S&P, Nasdaq, and the DTCC, which he said is expected<\/a> to move forward in October after tokenization platforms were effectively tested through earlier market activity.<\/p>\n Doctor Profit cited rumors that the CLARITY Act could pass in August as another potential catalyst, and added that regulatory clarity would make it easier for institutions to enter the crypto market and accelerate tokenization. However, prediction market traders have since become<\/a> less optimistic about the bill\u2019s prospects after the implied odds of its passage declined in recent days.<\/p>\n After suffering eight straight weeks of heavy outflows, US spot Bitcoin ETFs have continued<\/a> their recovery with another week of net inflows. According to data compiled by SoSoValue, the funds have attracted more than $200 million so far in July, continuing the positive trend that began in the middle of the month.<\/p>\n Last week alone saw roughly $76 million in net inflows.<\/p>\n The post Analyst Says Waiting for Bitcoin\u2019s Four-Year Cycle Bottom Could Be a Costly Mistake<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin investors waiting for a traditional four-year cycle bottom in September or October could be caught on the wrong side of the market, according to analyst Doctor Profit. While the four-year cycle worked \u201calmost perfectly\u201d at the top, now the analyst believes the opposite is happening. October Catalysts In his latest post on X, Doctor […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-201348","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/201348"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=201348"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/201348\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=201348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=201348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=201348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETFs Stay Positive<\/h2>\n