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\n\t\t\t\t\t\t\t\t\tBitcoin may rise further before reversing sharply but analyst predicts a deeper correction ahead after short-term gains play out.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin (BTC) entered the week with a fresh decline below $71,000 on Monday, and its next move remains uncertain.<\/p>\n
But market players expect a final upside push before a major downturn unfolds in the coming weeks.<\/p>\n
Crypto analyst Doctor Profit believes Bitcoin could see a limited upside move in the near term before entering a broader and more aggressive decline. According to his latest assessment, the probability of Bitcoin climbing toward the $76,000 level is high. While the price could still extend beyond that zone into the $79,000 to $84,000 range, uncertainty remains about how far the current upward momentum can stretch before a reversal begins.<\/p>\n
In his latest tweet, Doctor Profit stated<\/a> that the broader trend remains bearish despite the potential for short-term gains. He expects the market to experience a significant downward move in the coming weeks and argued that the current price action could be setting up a bull trap.<\/p>\n In this scenario, temporary upward momentum may draw in optimistic buyers before a sharp reversal leads to deeper losses. The analyst believes this type of setup is often driven by market makers aiming to create liquidity before pushing prices lower. As a result, he does not view the recent recovery as a sign of a confirmed bottom, but rather as part of a larger corrective structure that has yet to play out fully.<\/p>\n A major part of his outlook is tied to expectations in traditional financial markets. He predicts a major correction in the S&P 500 within the next two months, which could potentially exceed a 35% decline.<\/p>\n Such a drop would be larger than the fall recorded during the COVID-19 market crash, and he expects it to have a strong spillover effect on risk assets. Hence, Bitcoin is unlikely to remain insulated if equities experience a sharp downturn, and instead could follow with an accelerated decline of its own. This anticipated \u201cdomino effect\u201d is central to his bearish thesis.<\/p>\n Doctor Profit reiterated<\/a> his previous analysis that Bitcoin will eventually fall into the $50,000 range or even lower after completing its current upward phase.<\/p>\n Bitcoin slipped as geopolitical tensions escalated<\/a> following the breakdown of high-stakes negotiations between the United States and Iran in Islamabad. The talks failed to produce a resolution, as both sides blamed each other. The situation intensified after US officials stated that Iran was unwilling to accept terms, while Tehran described the demands as unreasonable.<\/p>\n Markets reacted more sharply to subsequent developments, particularly the warning of a potential US naval blockade in the Strait of Hormuz, a critical global oil route. The threat of intercepting vessels and escalating military action raised fears of supply disruptions and broader conflict.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nYou may also like:<\/h3>\n
Geopolitical Turmoil Persists<\/h2>\n
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