Bitcoin managed to recover some ground late Sunday after several days of selling pressure, but one market analyst believes the broader downtrend remains intact and that the most psychologically demanding phase of the bear market is only beginning.
According to crypto analyst Doctor Profit, Bitcoin has now entered Stage 5 of his six stage bear market model, a period characterized by heightened volatility, investor uncertainty, and repeated emotional swings.
Analyst Warns of a Major Bear Market Trap
In his latest market assessment, Doctor Profit argued that Bitcoin’s recent drop below $60,000 should not be interpreted as the final market bottom.
Instead, he described the move as a “trapdoor” leading into a deeper phase of the bear cycle, where many investors may incorrectly believe the worst has already passed.
Drawing comparisons to previous market downturns, the analyst noted that temporary recoveries often create false confidence before another significant decline unfolds.
He continues to identify the $40,000 to $48,000 range as Bitcoin’s most likely ultimate bottom. The analyst refers to this zone as the “BlackRock Bottom” because it aligns with the price area where BlackRock’s spot Bitcoin ETF was introduced in early 2024.
$60K Remains a Critical Support Level
For the near term, Doctor Profit considers the $60,000 level to be a key technical support area.
If Bitcoin manages to remain above that threshold, he believes the cryptocurrency could rebound toward the $65,000 to $66,000 region before broader bearish momentum reasserts itself.
However, he emphasized that bear markets rarely move in a straight line. Temporary rallies against the prevailing trend are common and often contribute to confusion among traders.
Volatility Expected to Intensify
Looking ahead, the analyst expects Stage 5 to feature sharp and unpredictable price movements.
Under this scenario, Bitcoin could repeatedly fall below $60,000 before staging rapid recoveries above the same level, creating a difficult environment for both bulls and bears.
According to Doctor Profit, this phase serves as a prolonged test of investor conviction, generating maximum emotional stress before the market eventually establishes a definitive bottom.
He does not expect the bear market to conclude anytime soon and believes Bitcoin’s final low could emerge sometime between September and October 2026.
The analyst also anticipates a major industry event, similar to the collapse of FTX during the previous cycle, acting as the catalyst for a final capitulation phase that catches much of the market by surprise.
Several Factors Continue to Pressure Bitcoin
Recent market weakness has been driven by a combination of factors, including outflows from spot Bitcoin ETFs, a recent Bitcoin sale by Strategy, and ongoing geopolitical uncertainty.
Although Bitcoin later recovered toward $63,000, Michael Saylor fueled speculation of another corporate purchase after posting Strategy’s acquisition tracker alongside his familiar “add more dots” message.
Crypto Winter May Be Taking a Different Shape
Not everyone believes this market cycle is following the same pattern as previous downturns.
Matt Hougan recently suggested that investors are behaving differently during the current crypto winter.
Rather than moving capital exclusively into Bitcoin as a defensive asset, Hougan argues that market participants are increasingly allocating funds to smaller cryptocurrencies that demonstrate strong fundamentals, sustainable revenue generation, and real world utility.
This shift could indicate a maturing digital asset market where investors are becoming more selective instead of simply seeking safety in the largest cryptocurrency.
While opinions differ on the timing of Bitcoin’s eventual recovery, analysts agree that volatility remains elevated and that market participants should prepare for continued uncertainty in the months ahead.#cryptp#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
