- Bitcoin tests its historic $99K Golden Line support, a level unbroken since the 2023 bull market began.
- Doctor Profit maintains shorts from $115K–$125K, expecting strong selling pressure if support breaks.
- Rising leverage and upcoming CPI and PPI data may heighten volatility as Bitcoin nears a key inflection point.
Bitcoin is testing one of its most important technical levels as traders brace for a decisive market move. According to Doctor Profit on X, the leading cryptocurrency is now resting on a “historic support point” that has remained intact since the bull market began in March 2023. This area is near $99,200,just below the key psychological level of $100,000.
Throughout the ongoing cycle, Bitcoin has consistently rebounded from this level without closing below it on the weekly time frame. However, the current retest raises questions about whether that streak can continue as selling pressure intensifies.
Support Level
Doctor Profit noted that the Golden Line has historically served as a strong base for bullish reversals. Each time Bitcoin approached this support, buyers stepped in to defend the level, sparking renewed upward momentum.
Yet, for the first time since the cycle began, the analyst said he is not buying at the Golden Line. He believes the market could eventually lose this critical level, though doing so would require significant selling volume.
Despite a brief rebound from this zone, his macro outlook is bearish, maintaining short positions entered between $115,000 and $125,000. Bitcoin trading at $102,878, down 6.93% for the week after reaching a high of $110,749.
It shows the 20-week moving average as the key dynamic support, marked by multiple previous rebounds throughout mid-2024 and mid-2025. These areas, represented by green circles, indicate where bulls successfully halted corrections during prior pullbacks.
Liquidity Clusters and Short-Term Resistance
According to Doctor Profit, the $116,000–$117,000 zone is a significant liquidity cluster. He expects market makers to push price movements around this area to collect liquidity before any deeper correction.
He warned that traders could face “manipulation moves” as leverage on altcoins continues to rise, particularly from overextended long positions. He added that if the market revisits this region, he plans to add to his existing shorts. The increase in leveraged longs aligns with conditions often seen before stronger downward swings.
CPI and PPI Data Add to Market Caution
Attention now turns to key U.S. inflation data later this week. The Consumer Price Index (CPI) is scheduled for release on Thursday, followed by the Producer Price Index (PPI) on Friday. These reports could influence short-term volatility as Bitcoin trades above its key support.
