While some traders believe Bitcoin’s recent rebound signals the start of a new expansion phase, others argue it could simply be exit liquidity before another sharp decline.
Pseudonymous crypto analyst Doctor Profit believes Bitcoin could face a severe correction despite reclaiming the $82,000 level. According to the analyst, retail investors rushing back into the market may be falling into a carefully staged trap.
In a detailed post shared on X, Doctor Profit outlined a bearish strategy focused on the $82,000 to $85,000 range, predicting Bitcoin could eventually crash to $50,000 or even lower.
Doctor Profit’s Bearish Thesis
The analyst argued that Bitcoin’s rebound from the $71,000 low does not mark the beginning of a fresh bull market. Instead, he described the move as “a beautiful trap” designed to lure retail traders back in before the next major selloff.
Doctor Profit explained that this outlook has remained unchanged since February, when he publicly forecasted a recovery toward the $79,000 to $85,000 range before another reversal. He expected the downturn to unfold sometime in May or June.
“Most people forget my words from February,” he stated. “I gave the exact plan on what to do.”
The analyst also claimed to have used the same framework to successfully short Bitcoin near what he considers the 2025 cycle top between $115,000 and $125,000.
Discussing market sentiment, Doctor Profit criticized the growing optimism across crypto social media, pointing to rising altcoin hype and renewed calls for Bitcoin to surpass $100,000.
According to him, fear has largely disappeared from the market, with retail traders aggressively buying again since Bitcoin traded near $76,000. He warned that this wave of enthusiasm could provide the liquidity needed for large players to distribute positions before a major decline.
Mixed Signals Across the Market
Not all analysts agree with the bearish outlook.
Michael Saylor, cofounder of Strategy, posted “No More Bears” on X on Sunday morning, signaling confidence in Bitcoin’s strength.
Doctor Profit responded directly, claiming he previously warned Saylor to sell Bitcoin around $120,000 but was dismissed with a laughing emoji. He added that Bitcoin’s time above $80,000 may be limited and suggested any move toward $85,000 could mark the beginning of the next crash.
Meanwhile, crypto analyst Ash Crypto highlighted several bullish technical developments. He noted that Bitcoin had just closed its first weekly candle above $82,000 since January 26. In addition, the weekly MACD reportedly flashed a bullish crossover while the RSI climbed to 52, returning to neutral to bullish territory.
Ash Crypto also compared Bitcoin’s current structure to Google stock behavior after its breakout above 2021 highs. According to his analysis, Bitcoin could be following a similar pattern, only one market cycle behind.
Another market analyst, Ali Martinez, suggested that a sustained breakout above the 200 day simple moving average near $82,500 could pave the way for a rally toward $94,000. However, failure to maintain that level may send Bitcoin back toward $75,000, where the 50 day moving average currently sits.
Bitcoin briefly climbed to $82,500 early Monday before retreating below $81,000. The pullback came after Donald Trump publicly rejected Iran’s latest nuclear proposal, calling it “totally unacceptable,” which renewed geopolitical concerns across financial markets.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
