bullish

Bitcoin

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<ul>
 <li>The price of Bitcoin continues to tumble and has just hit the $50,000 price mark.&nbsp;</li>  
 <li>Crypto analysts battle over what will happen next, some remain certain of a BTC recovery.</li>  
 <li>Another analyst predicted this crash and expects $47,000 BTC bottom along with altseason.</li> 
</ul>  
<p>The crypto market continues to collapse as the price of BTC hits $50,000 falling by over 26% and the price of Ethereum falls to $2,255 falling by over 32%. As many traders and holders scramble to manage risk, the crypto community is torn between holding, selling, or pumping their assets.&nbsp;</p>  
<p>Amidst the chaos, Doctor Profit, a reputed crypto analyst who made multiple accurate predictions, has <a href="https://x.com/DrProfitCrypto/status/1820172047936323783" target="_blank" rel="noopener noreferrer nofollow">admitted to getting his latest prediction wrong</a>. He expected that the ongoing dip would take the price of BTC to a bottom of $57,000. Not only did BTC price go below $54,000, but it continued to hit the $50,000 mark within an hour.</p>  
<h2 class="wp-block-heading" id="h-one-analyst-predicted-the-dip">One Analyst Predicted the Dip</h2>  
<p>This brutal dip was predicted by another analyst, <a href="https://x.com/RAFAELA_RIGO_%5C" target="_blank" rel="noopener noreferrer nofollow">Rafaela Rigo</a>. She expects the price of Bitcoin to fall to $47,000 during the ongoing dip and calls for <a href="https://x.com/RAFAELA_RIGO_/status/1820293382511395277" target="_blank" rel="noopener noreferrer nofollow">BTC price at $20,000 next year</a>. If the FUD sentiment continues to grow, her prediction will likely play out.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/RAFAELA_RIGO_/status/1820154816691364135
 </div>
</figure>  
<p>However, she does expect <a href="https://cryptonewsland.com/analyst-predicts-altcoins-are-poised-for-recovery/" target="_blank" rel="noopener noreferrer nofollow">altseason to arrive</a> after BTC bottoms around $47,000 with many altcoins setting new ATHs. On the other hand, if the FUD sentiment phases out and the price of Bitcoin recovers taking the whole crypto market along with it, Doctor Profit still has his bullish prediction in place.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/DrProfitCrypto/status/1820137746922381549
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-can-bitcoin-btc-recover">Can Bitcoin (BTC) Recover?</h2>  
<p>As we can see from his latest weekly report, Doctor Profit remains certain that the price of Bitcoin (BTC) will recover to the $72,000 price mark. Yet, he explains that the risk of a new war will make many skeptical and give in to FUD.&nbsp;</p>  
<p>He shares his plan on buying the sip but has yet to take into account the fact that Bitcoin (BTC) price has dipped much lower than his expected bottom price range. Despite this fact, given his conviction and <a href="https://cryptonewsland.com/bitcoin-btc-ath-of-220k-super-cycle/" target="_blank" rel="noopener noreferrer nofollow">many bullish expectations</a> for Bitcoin’s next ATHs, he is likely to stick by his expectations as explained in the report.</p>  
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>  
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/btc-will-surpass-74k-to-enter-80k/" rel="noopener noreferrer nofollow">Bitcoin Breaks $62,000, Reputed Analyst Says BTC Will Surpass $74,000 to Enter $80,000 Target Next</a></li>  
 <li><a href="https://cryptonewsland.com/ethereum-rsi-shows-price-may-recover-in-48-hours/" rel="noopener noreferrer nofollow">Ethereum RSI Shows Price May Recover in 48 Hours</a></li>  
 <li><a href="https://cryptonewsland.com/the-rise-and-fall-of-aptos-will-apt-price-recover/" rel="noopener noreferrer nofollow">The Rise and Fall of Aptos: Will APT Price Recover?</a></li>  
 <li><a href="https://cryptonewsland.com/altcoin-peak-will-arrive-in-october-2025-according-to-reputed-crypto-trader-and-analyst/" rel="noopener noreferrer nofollow">Altcoin Peak Will Arrive in October 2025 According to Reputed Crypto Trader and Analyst</a></li>  
 <li><a href="https://cryptonewsland.com/reputed-crypto-analysts-set-ada-and-xrp-cycle-price-top-at-10-and-6-4/" rel="noopener noreferrer nofollow">Reputed Crypto Analysts Set ADA and XRP Cycle Price Top For This Golden Bull Run at $10 and $6.4</a></li> 
</ul>                   
<p>The post <a href="https://cryptonewsland.com/47k-bitcoin-btc-bottom-in-play/" rel="noopener noreferrer nofollow">$47K BTC Bottom in Play According to Reputed Analyst Who Predicted This Dip, Can BTC Recover and Set New ATH This Bull Cycle?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

$47K BTC Bottom in Play According to Reputed Analyst Who Predicted This Dip, Can BTC Recover and Set New ATH This Bull Cycle?

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