Silver-Tongued Analyst Proclaims Retail Holders in Full Panic Mode, Declares Fishing Time for Cry...

Silver-tongued analyst proclaims retail holders in full panic mode

He explains how FOMO BTC buyers are now panic selling their holdings

He encourages all to hold strong and go fishing.

The crypto community is witnessing what could be a disappointing close for the price of Bitcoin (BTC) in the month of May. To highlight, the price of Bitcoin (BTC) has been on the decline following massive BTC trade liquidations and a huge BTC ETF outflow. Now, a silver-tongued analyst proclaims retail holders in full panic mode and declares a ‘Fishing Time’ phase for the crypto market.

Silver-Tongued Analyst Proclaims Retail Holders in Full Panic Mode

The crypto market is filled with exceptional financial experts and market analysts kind enough to share their unfiltered opinions and observations that are constantly affecting the crypto market, giving it its volatile nature. One of the most reputed and popular analysts, renowned for his many accurate predictions, including the many pumps and dumps Bitcoin faced this bull cycle, is Doctor Profit

Known for these accurate silver-tongued predictions, proven correct repeatedly by crypto market actions, the crypto community often flocks to his latest post. His weekly Sunday reports have been invaluable for many traders, saving and making them millions. These reports include social-political and psychological analysis alongside a comprehensive technical analysis

As we can see from the post above, Doctor Profit’s latest post pertains to the ongoing declining price of BTC. As BTC hit $103,000, a sharp fall from $110,000 and $106,000, the analyst says that retail holders are now in full panic mode. He says that since many refused to take his buy signal when BTC was at $72,000, they ended up FOMO buying BTC in the last two weeks when BTC hit ATH prices. Now, with BTC on the decline, they are panic selling and contributing to a greater dip

Crypto Market Enters Fishing Phase

As always, Doctor Profit encourages holding strong on buying only when BTC prices are low and not when the market is greedy and pumping. The same applies now, buying is a much more appealing option than selling. Thus, although it might be too risky to buy in surplus, it is hinted at to accumulate steadily and DCA. Ultimately, early buyers are all holding and patiently waiting for the market to steady again

As we can see from the post above, Doctor Profit declares it is time to go fishing for the crypto community. By this he means to step away from active crypto activity and simply hold and wait for the market to stabilize once again. Responses to his post show high support for this move and many expect sideways movement that could take the price of BTC between $98,000 an $111,000 in the coming weeks ahead. Soon after BTC prices are expected to go as high as $120,000 and $125,000 as predicted by Doctor Profit himself.