Doctor Profit Predicts Bitcoin Price to Slide From $125K Peak to $60K
Crypto analyst Doctor Profit, who accurately forecast Bitcoin’s $125,000 cycle top, now warns of a deeper bear market. Bitcoin price fell 8.4% in 24 hours and over 17% in two weeks, marking the first stage of a larger downtrend. According to his model, the next critical target is near $60,000. On-chain data reveals coordinated institutional selling, with Grayscale and BlackRock moving billions of dollars of BTC to exchanges in large batches. Grayscale-linked wallets transferred dozens to hundreds of BTC per transaction, while BlackRock’s IBIT vehicles repeatedly offloaded 300 BTC tranches. These flows coincide with a 30% market contraction warning issued in September. As institutional outflows intensify and technical cycles track lower, traders should brace for sustained bearish pressure on the Bitcoin price before a potential long-term recovery.
Bearish
Doctor Profit’s cycle model and on-chain data signal that Bitcoin is entering a sustained bear market. Institutional outflows from Grayscale and BlackRock—totaling over $3 billion in minutes—mirror past sell-offs that preceded deep retracements in 2021. The 8.4% 24-hour drop and 17% two-week decline confirm growing bearish momentum. This coordinated selling increases short-term volatility and pressures price support levels, pushing Bitcoin toward the $60,000 zone. Historically, similar institutional sell-offs have led to extended downtrends before bullish reversals. Traders should expect continued negative sentiment and prepare for potential strategic entry points near the predicted bottom.