Crypto analyst Doctor Profit set a new Bitcoin target of $94,000, but says the price must first recover the $86,000 to $89,000 region. Another analyst, Crypto Patel, sees a potential path toward $100,000.
Doctor Profit expects Bitcoin to resume its climb even though BTC failed to overcome $84,000 on Monday morning. His new price target is $94,000.
In his latest Sunday report, the analyst said the recent correction could set the stage for the next leg of the bull market. He believes Bitcoin has moved past the correction phase and is preparing for another rally.
Why $86,000 to $89,000 matters
Doctor Profit previously expected Bitcoin to reach $88,000 after breaking above $82,500. BTC hit that target, then pulled back to around $80,300.
Now, however, he says the price must first recover the $86,000 to $89,000 region, which will be important in determining whether the market can support another move higher. He also expects buying demand to strengthen around $86,000, and believes the zone could turn into support instead of facing the selling pressure seen during the previous rally.
Other analysts see more upside
Crypto Patel projected a potential path toward $100,000. He said Bitcoin had broken above the $67,000 resistance level and could retest it before moving higher. If buyers defend the zone, BTC could form a higher low and gain momentum for another rally.
Meanwhile, $82,800 was flagged as immediate structural support, while $59,809 remains a major downside level.
Separately, xWIN's analysis suggests Bitcoin may be showing signs of a potential bottom in October. High US bond yields, rising oil costs, and profit-taking have weighed on prices, but conditions now appear to be improving.
Source: CryptoPotato
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