- Analyst identifies $110K–$120K as a selling zone and sees a capitulation drop toward $60K–$70K in 2026.
- CryptoRank reports Bitcoin at $106,820 with $859M in ETF outflows and a Fear and Greed Index reading of 22.
- Gold’s rise to $4,380 contrasts with crypto weakness, indicating risk aversion and shifting capital preferences.
Bitcoin’s near-term trajectory has shifted sharply, with market voices highlighting renewed downside pressure and an erosion of bullish conviction. Doctor Profit, a market analyst, stated that “there is nothing to remain bullish in this market,” emphasizing that his warning dates back to Bitcoin’s move near $125,000.
He said the market has now entered a bearish phase and expects “bloody” conditions over the coming months. His projection aligns with recent price weakness and broader risk-off sentiment across major assets.
Resistance Bands Shape Short-Term Outlook
Doctor Profit’s chart outlines a “Short and Selling Zone” between $110,000 and $120,000. He identifies that region as an area where sellers have previously acted and where momentum now slows.
This zone coincides with current consolidation and reduced upside follow-through. The same chart notes a targeted decline through the end of 2025, pointing to support territory between $85,000 and $95,000.
The structure indicates that traders are using rallies to offload positions or hedge with shorts rather than extending risk. Following this framework, the data projects a deeper phase in 2026. The analyst labels it a “Capitulation Event,” expecting prices to potentially move toward the $60,000 to $70,000 bracket.
He connects that scenario to factors such as liquidity pressures or delayed effects from previous market cycles. After that stage, the chart shows a longer recovery arc, with price estimates revisiting $120,000, then $160,000, and possibly approaching $180,000 by mid-to-late 2027.
Fear Metrics Intensify Across Majors
According to CryptoRank, sentiment has deteriorated alongside price pullbacks in leading cryptocurrencies. The platform reported that Bitcoin dropped to $106,820, down 4%, while Ethereum declined 5.5% to $3,820.
The Fear and Greed Index fell to 22, marking “Extreme Fear.” At the same time, reported ETF outflows for Bitcoin totaled $859 million during the week. CryptoRank also stated that total market capitalization stood at $3.83 trillion, with liquidations reaching $1.2 billion.
Capital Flows Contrast With Alternative Assets
Notably, gold moved in the opposite direction. CryptoRank highlighted that the metal set a new all-time high at $4,380. That contrast shows shifting appetite among investors during periods of elevated volatility in crypto markets.
The combination of ETF outflows, increasing fear metrics, and resistance-based projections from Doctor Profit continues to frame the current market as defensive rather than expansionary.
