- Analyst identifies three bearish Bitcoin patterns, targeting $70K despite possible liquidity-driven upside to $97K–$107K.
- He reports unprecedented insider selling since August 2025 and maintains short positions from $115K to $125K.
- Markets await CPI, PPI, and a January 15 crypto vote, while Bitcoin’s medium-term outlook remains bearish.
Bitcoin entered the week above $90,000 as markets opened with modest gains across major cryptocurrencies. This is ahead of U.S. inflation data releases and a January 15 congressional vote. Analyst Doctor Profit outlined bearish structures and insider selling trends.
Bitcoin Technical Structures and Positioning
According to Doctor Profit, Bitcoin shows three concurrent bearish formations on weekly and monthly charts. He cited an active bearish divergence, a defined bearish flag targeting the $70,000 region, and a developing head-and-shoulders pattern.
However, he noted liquidity concentration between $97,000 and $107,000, which could allow a temporary upside move. Doctor Profit stated that his primary downside target remains $70,000, with probabilities evenly split between two technical paths.
He reported holding short positions from $115,000 to $125,000 and said he plans to add exposure only if prices revisit $97,000 to $107,000. He also referenced sustained insider selling since August 2025, describing the volume as unprecedented in his historical dataset.
Additionally, Doctor Profit highlighted stress within the banking system and silver-related liquidity pressures. He compared current conditions to a 2008-style environment, while confirming bullish exposure only to gold and silver. He added that upcoming policy outcomes would not alter his medium- to long-term Bitcoin outlook.
Inflation and Policy Events
Meanwhile, the broader crypto market recorded a 0.73% daily increase in total cap. Weekly gains reached 0.84%, although the 30-day change remained slightly negative. Ethereum held above $3,100, while Binance Coin traded above $900 during the same period.
Attention now shifts to macroeconomic releases beginning with a scheduled FOMC official speech on Monday. On Tuesday, January 13, the U.S. Bureau of Labor Statistics will publish December CPI data, previously reported at 2.7%.
Analysts also monitor Wednesday’s January 14 PPI release for wholesale inflation trends. Later in the week, U.S. jobless claims data and the Federal Reserve’s balance sheet update will offer further liquidity insights.
Separately, lawmakers vote on the CLARITY Act on January 15, which addresses crypto regulatory oversight. Markets continue to watch these developments closely as the week progresses.
