Reputed Silver-Tongued Analyst Reveals Next Bitcoin (BTC) ATH Target Between $96,000 and $98,000

• Bitcoin maintains a strong position as altcoins surge fiercely.
• The price of Ripple’s $XRP pumped by over 15% taking the price to over $1.
• This hike led to $XRP Futures Open Interest hitting an $ATH.

The price of Bitcoin ($BTC) stands steadily at the $91,000 price mark as analysts await another breakthrough for the pioneer cryptocurrency. This breakthrough is expected to take Bitcoin price closer to a 6-digit $ATH before it is also expected to break that threshold. Presently, the crypto market is teasing highly bullish gains ahead.

$BTC Supply Shock Underway

As we can see from the post above, Bitcoin is experiencing a scenario it has never experienced before. According to the chart in the post above, Bitcoin, for the first time in its history, is exhibiting a drop in $BTC present on exchanges during a bull run. This is a sign that this cycle differs from the ones before.

More excitingly, the analyst in the post suggests this to be a bullish signal that will usher in a massive supply shock for Bitcoin ($BTC). No doubt, a supply shock will result in a greater pump for the price of Bitcoin. This hints at a possibility of $BTC $ATH surpassing $100,000 to hit greater highs from $220,000 to $320,000 and more.

Next $ATH Targets for $BTC Revealed

In response to Bitcoin’s most recent $ATH set at $93,434.36, one analyst, known for his many accurate predictions, Doctor Profit, the silver-tongued analyst reveals what he believes to be the next $ATH for Bitcoin ($BTC) is this ongoing crypto bull cycle. To highlight, he says that the next target for a $BTC $ATH lies between $96,000 and $98,000.

Finally, as we can see from the post above, the same silver-tongued analyst suggests traders to not overthink their moves in the coming weeks. In his eyes, $BTC will keep it straight and simple. He says to long the line as shown in the post above and to accumulate if the market presents an opportunity.