Prominent analyst Doctor Profit on Sunday touted Ethereum (CRYPTO: ETH), Circle (NYSE:CRCL) and Coinbase (NASDAQ:COIN) as top three holdings going into the bull market.
Doctor Profit posted his weekly Bitcoin (CRYPTO: BTC) report on X, laying out a simple two-number framework. He treats $71,000 as the key support floor and $78,500 as the next major resistance.
Everything between those two levels is noise. A clean break above $78,500 opens the path toward $82,000, which he calls the start of a full bull market escalation.
He pushed back on the overbought RSI narrative directly, noting that weekly and monthly RSI readings remain in neutral territory.
The daily RSI looks overheated because forced short covering drove much of the move rather than fresh leveraged buying, leaving underlying market positioning less stretched than the indicator suggests.
