Prominent analyst Doctor Profit on Thursday declared Bitcoin (CRYPTO: BTC) being in the early stage of a bull market and set $82,000 as the target that fully confirms the shift.
What Doctor Profit Said About the Market Shift
Doctor Profit posted on X that Bitcoin crushed four to five entire bear market resistance zones in a single day, including the Bear Market Resistance Bands he had long predicted would eventually break.
He called the bear market over and said the market is now transitioning into what he describes as a soft bull market.
He laid out three resistance zones that still need to flip before the bull market is fully confirmed:
