Bitcoin posted a modest rebound of nearly 2 percent during Asian trading hours on Monday after briefly slipping below 70,000 dollars over the weekend. However, several well known analysts believe the recent bounce does not mark the end of the downturn.
Market commentator Doctor Profit argues that Bitcoin has entered a prolonged sideways phase that should not be mistaken for healthy consolidation. Instead, he views it as a structural pause that often appears before a deeper decline in a broader bear market.
According to his analysis, Bitcoin is forming a wide trading range between roughly 57,000 and 87,000 dollars, a zone he expects to contain price action for weeks or even months. He emphasized that this range bound movement signals weakness rather than strength. Drawing comparisons to 2024, he noted that Bitcoin previously spent a year consolidating in a similar range before a major move, warning at the time that those levels would later act as reference points during a bear market.
Doctor Profit believes that once the current sideways phase ends, Bitcoin could break lower and eventually target the 44,000 to 50,000 dollar area. While he is buying spot Bitcoin between 57,000 and 60,000 dollars for short term range trades, he does not see this zone as the final market bottom. He added that any move toward the upper end of the range near 87,000 dollars would be viewed as an opportunity to add short positions, not confirmation of a bullish trend.
Other analysts share a similarly cautious outlook. Filbfilb compared the current setup to the 2022 bear market, pointing out that Bitcoin remains below its 50 week exponential moving average near 95,300 dollars. BitBull echoed the concern, saying that a true market bottom is unlikely until prices fall below 50,000 dollars, leaving many recent ETF buyers underwater.
