Analyst Unveils Full BTC Market Report: Start of a Bear Market or Is the Crypto Market Still Bullish?

• Analyst unveils full BTC market report answering a much-asked question.
• He answers if a bear market has begun or if the crypto market is still bullish.
• He expects a major dip to befall BTC price before it moves to new ATH after May 2025.

As the price of Bitcoin continues to waver in the lower $80,000 price range, the silver-tongued analyst known for his many accurate predictions so far, Doctor Profit, unveils a full BTC market report. Here, he tackles the question: start of a bear market or is the crypto market still bullish?

Analyst Unveils Full BTC Market Report

As we can see from the post above, Doctor Profit explores three main factors and their impact on the crypto market and the price of BTC. The first factor is the M2 Money Supply and its real impact on Bitcoin. Here, he says that the fact that the M2 Money Supply has risen does not mean another crypto pump will begin immediately as it did in September 2024. Instead, he expects a delayed pump which will begin between May and June 2025.

Until then, he expects to see only sideways movement in the crypto market. The second factor he draws light to is Market Strategy. He remarks how his market strategy has never led him astray so far and now he expects the price of BTC to dip to the $70,000 to $74,000 price range. He adds that if the full daily closes below this region, a deeper downward move may be set off.

Temporary Bear Market Before New BTC ATHs

To elaborate, he says the deeper dip will take the price of BTC between $50,000 and $60,000 where he will heavily accumulate the pioneer crypto asset. Lastly, he clarifies these two possible bearish scenarios as black swan events and stresses the fact that he still believes in a bullish long-term outlook. Here, he expects Bitcoin price to hit new ATH targets between $120,000 and $140,000 between May and June when he expects the market to swing upward once again.