Prominent crypto analyst Dr. Profit has outlined three key scenarios for Bitcoin’s future, warning that the market has entered the early phase of a new bear cycle. While short-term relief bounces remain possible, the analyst said the broader trend is decisively bearish, with Bitcoin likely facing deeper corrections over the coming months.
According to Dr. Profit, Bitcoin’s short-term setup has turned neutral after a brief signal for a “relief pump” faded. He revealed that he has reversed short-term positions, selling BTC spot holdings and re-entering short trades as fresh data points to renewed downside momentum.
Short-Term: Neutral Outlook Amid Unclear Market Data
Dr. Profit described the short-term market structure as neutral, explaining that recent volatility has made it difficult to draw firm conclusions. “The short-term direction remains data dependent,” he noted, emphasizing that any potential rebound would likely be short-lived before the next leg lower.
Mid-Term: Bearish as Downtrend Strengthens
Over the 1–3 month horizon, the analyst remains bearish, maintaining his stance that Bitcoin’s local top was formed between $115,000–$125,000. Since then, price action has confirmed the start of a clear downtrend, aligning with his earlier forecasts.
“Potential dead cat bounces are possible,” Dr. Profit wrote, “but the mid-term price direction clearly points to the downside.”
Long-Term: Global Macro Risks Could Deepen Decline
Looking ahead 3–12 months, Dr. Profit expects Bitcoin to remain under heavy pressure as macroeconomic instability intensifies. He warned of a looming global financial ‘earthquake’, arguing that worsening economic conditions could drag risk assets, including Bitcoin, significantly lower.
“Nothing changes on this fact that the entire macro economy is set for a global earthquake, and it’s very close—closer than most people believe,” he cautioned.
Dr. Profit concluded that while short-term rallies should be traded when justified, the dominant market trend remains bearish, reinforcing his long-held outlook that the next major move for Bitcoin will likely be downward.