Reputed analyst reminds the crypto market on the importance of hedge trading.
He encourages hedge trading to preserve capital and not to make profits.
He confirms that the crypto market is still bullish for the mid term.
Last week, the crypto market experienced a challenging week with analysts being extra cautious with their assets due to unforeseeable results caused by real-world political events. Amid this uncertainty, one reputed analyst reminds the crypto market on the importance of hedge trading to preserve capital, and he is once again calling for the same at the start of this new week.
Reputed Analyst Reminds the Crypto Market of Hedge Trading Importance
To highlight, the previous week was expected to be a tumultuous time for the crypto market, caused mainly by two events. The first was the big bad breakup between Trump and Elon Musk, where the two ex-friends accused each other of several unsavory acts publicly on social media. The event led to a short fall in BTC and Tesla prices, after which the price of BTC recovered fairly quickly.
The other event had to do with the escalating possibility for war between Israel and Iran. Once again, the price of crypto fell slightly only to recover back to optimal prices once again. This not only showed strength and resilience in BTC and whale traders, but also that Bitcoin seems to be ready to enter its long-awaited super cycle, an event that the reputed crypto analyst, known for his many silver-tongued predictions, has been waiting for since the Bitcoin Halving event.
Next BTC Bull Target Expectations
To specify, the analyst, Doctor Profit, has made many accurate predictions this bull cycle. In particular, he predicted every major BTC ATH since 2023, way before the bull cycle even began. He also predicted the fall to $70,000 price range in Q1 of 2025, followed by another accurate prediction of BTC reclaiming $90,000 in Q2, and the $110,000 ATH price target prediction. After this he expected the price of BTC to hit $117,000 to $120,000 before hitting $125,000 next.
However, mid last week, when the war escalation events were giving rise to concern, this analyst made a long post expressing a call for mitigating risks. Specifically, Doctor Profit revealed his entire hedge trading plan and even went on to explain why it was necessary to place a hedge trade to protect existing capital. Once again, he began this week by reminding the crypto community that hedge traders are not for profits, but rather to protect capital.
As we can see from the post above, Doctor Profit confirms that hedge trades do not make profits; rather, they protect existing spot holdings. He then confirms that he is still bullish on crypto but expects strong volatility in the coming days. He encourages traders to embrace hedge trading instead of selling assets during unpredictable stages as a measure against the expected volatility. Read MoreBitcoin News, Market News, News, NewsNow, Bitocin, BTC, BTC Price, Bullish, Crypto market, cryptocurrency, Doctor Profit
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