Bitcoin Bottom Confirmed? Data Shows 87.5% Chance The Worst Is Over

Quick Summary:

Crypto analyst Doctor Profit (@DrProfitCrypto) posted on X and laid out two potential paths for Bitcoin: "There are two scenarios: A) Bottom to be 68-74k region in normal market, B) Full crash towards 50k in Black Swan event.” He did not provide a specific probability for either outcome but emphasized that a Black Swan event—a term used to describe a rare, unexpected event that can drastically impact markets—cannot be ruled out.

"Not guarantees, but an 87.5% chance, granted the chart below and all the confluences I already presented.So far so good.” His approach relies on mapping out price movements in proximity to FOMC dates, noting that markets often price in interest rate decisions (and related news) before official announcements.

He points out that the next FOMC meeting is scheduled for March 19, meaning the bottom—if the historical pattern holds—should appear no later than that date: "Works almost every time, 14 out of 16 times in fact (or 87.5% of the time)… The time difference the bottom happens versus the FOMC day is usually 0 to 5 2D bars before the exact date.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: Bitcoin price Bitcoin Bottom Bitcoin Bitcoin news Bitcoin bull run Btc Bitcoin Btc price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 20:00:18 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 539 words

Reading Time: 3 minutes read

Sentences: 69 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 26966967

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