Bitcoin Bear Market to Last Months: May Not Bottom Until Late 2026 (Analyst)
Bitcoin (BTC) traded flat on Christmas amidst cautious sentiment and decreased institutional participation. Market consultants predict ache forward.
In reality, outstanding crypto analyst Doctor Profit believes the asset might backside out in September-October 2026.
Long Bear Market for Bitcoin
In a latest tweet, he defined that he has moved all remaining USDT again into the banking system and at present holds no liquid crypto belongings, whereas citing the continued bear market as the explanation.
Doctor Profit said that the present market situations don’t warrant staying liquid in crypto, and he believes the bear section will proceed for a protracted interval. He additionally disclosed his largest positions, together with a BTC quick from the $115,000-$125,000 vary and a medium-sized BTC holding bought round 85,000. He intends to trip a possible short-term upswing towards $107,000 earlier than the following downward leg in February-March.
Currently, Bitcoin is buying and selling at $89,259 after a 2% day by day achieve. While the asset did present some short-term upward motion, it continues to hover beneath essential resistance ranges. According to CryptoQuant, $100,000 is a serious short-term resistance for BTC, largely due to the focus of value bases amongst latest whale traders and Binance customers.
New whales, who’ve held Bitcoin for lower than 155 days, have a mean value foundation of roughly $100,500. This makes it a crucial break-even zone the place profit-taking or contemporary accumulation might decide the near-term value pattern. On the opposite hand, Binance spot customers common round $56,000, offering a big assist degree in a possible prolonged bear section.
Long-term whales with holdings over 155 days have a mean value foundation of round $40,000, which implies that they continue to be considerably worthwhile and are possible contributing to latest profit-taking exercise.
$40K Drop Risk
Supporting the broader bearish narrative, analyst Ali Martinez not too long ago highlighted Bitcoin’s habits across the 50-week easy transferring common (SMA). He defined that in previous cycles, shedding this degree has usually led to a mean decline of about 54%.
When utilized to present costs, such a transfer would imply a possible drop towards $40,000. The analyst didn’t name for an instantaneous selloff, however did warn that failure to reclaim this degree might expose the crypto asset to prolonged draw back stress.
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