- Analyst Doctor Profit says Bitcoin could enter a real bear market if prices slip under $101,700 after months of weak momentum.
- Many traders who entered late shorts near $116,500 are getting squeezed as Bitcoin’s bearish setup grows stronger each passing week.
- On-chain data shows short-term holders are starting to lose money near $112,500, which could cause more selling if prices fall again.
Bitcoin traders face growing uncertainty as analyst Doctor Profit warns of a looming bearish breakdown that could end the bull market. In his detailed “Big Sunday Report” on X, he explained that markets have entered a phase of high greed and rising risk. He said, “Since end of August I am warning that the top territory is an area to add shorts and sell.” His call around the $115,000–$125,000 zone proved accurate as Bitcoin peaked near $126,000 before the historic October dump.
Moreover, Doctor Profit emphasized that the market’s current setup remains extremely bearish. He noted that Bitcoin is still playing out a bearish divergence that has been forming since August. While bulls hesitated to sell at high prices, many late bears entered shorts too late, triggering liquidations near $116,500. Hence, he believes new bears are at risk of further liquidation before the next major downward move.
Bearish Outlook Strengthens
Doctor Profit dismissed rumors of strong liquidity between $120,000 and $130,000. He explained that few traders shorted that range since most were bullish at the time. “Will market makers allow retail and whales to exit at a better price after already making them lose? I doubt it,” he said.
He projected $116,500 as the maximum bullish target before another drop begins. Additionally, he confirmed that breaking below $101,700 would mark Bitcoin’s fall under the “magic bull market line,” officially confirming a bear market.
Furthermore, he pointed to on-chain data showing short-term holders’ realized price near $112,500. These traders are now at a loss and could sell more if Bitcoin falls 5–10%, adding further pressure.
Besides, the upcoming CPI report due Friday, expected at 0.3%, could influence short-term price volatility. Doctor Profit reminded followers that his premium members avoided losses during the “largest liquidation event in history” by following his short strategy.
