• Dr. Profit advises accumulating Bitcoin near key support for long-term gains.
• $92K, $87K, and $74K serve as crucial levels for Bitcoin’s price action.
• A breakout above $106K could trigger a strong rally toward $120K.

Dr. Profit Crypto has been urging traders to long Bitcoin—BTC, near key price zones since November. This strategy has worked, despite recent market turbulence. U.S. tariffs have triggered a sell-off, pushing Bitcoin lower. Many traders see this dip as an opportunity. Once sideways movement ends, prices could surge to $120K. A well-planned approach now may lead to massive gains.

Crucial Price Levels for Traders

Bitcoin dropped sharply after new U.S. tariffs on imports from Canada, Mexico, and China. These policies stoked inflation fears, making rate cuts less likely. Higher rates often weaken demand for non-yielding assets, adding pressure to the crypto market. After reaching record highs last month, Bitcoin fell 15%. Sunday marked the third consecutive daily decline, hitting levels not seen in three weeks. Despite the pullback, Bitcoin still trades 35% higher than in November. Many investors remain optimistic, expecting strong support from regulatory shifts and a potential Bitcoin reserve.

Maximizing Gains with Smart Positioning

Support around $92,000 holds major significance. Multiple trendlines converge in this area, offering strong buying interest. A drop below this level may push prices toward $87,000, where another key pattern suggests possible stability. If sellers gain control, Bitcoin could test $74,000, a historical high from March 2024.

Many long-term investors may see this as a prime buying zone. On the upside, $106,000 stands as a key resistance level. This area aligns with peaks from December and January. A strong breakout above this zone would invalidate a bearish double-top pattern. Such a move could set the stage for a sustained rally, reinforcing a bullish outlook.

Dr. Profit Crypto advises traders to keep expanding long positions near major support levels. Accumulating Bitcoin during price consolidation builds a strong position before a breakout. Sideways movements often precede explosive trends. Those who position well during dips stand to benefit once momentum returns.

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