I just saw that Doctor Profit, that trader well-known in the crypto community, is sharing a quite bearish outlook for Bitcoin after that peak of $125,000. The guy has a track record of making accurate predictions, so when he speaks, many listen. Let's remember that he predicted the 2021 high around $68,000 and also nailed the peak of the current cycle. Now he's saying that the correction is just the beginning of a deeper fall, with a target of $60,000. What's interesting is that Bitcoin has already dropped 8.4% in the last 24 hours and over 17% in two weeks. On-chain data also shows significant movements, with more than $3 billion in BTC entering exchanges in just 45 minutes on November 20. Currently, Bitcoin is hovering around $77,640, so if Dr. Profit's crypto prediction comes true, we could be seeing a deeper correction from here onward. Traders are watching these key levels.

BTC-0.51%
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