‘$70K Bitcoin Is a Matter of Time,’ Analyst Warns as Triple Bearish Signs Emerge
Bitcoin (BTC) has been steadily buying and selling above $90,000 amidst escalating tensions between US President Donald Trump and Federal Reserve Chairman Jerome Powell, alongside geopolitical unrest.
But the crypto asset’s triple bearish setup might drag costs to $70,000.
Three Bearish Patterns
Crypto analyst Doctor Profit warned that Bitcoin will decline towards the $70,000 degree, even when costs see short-term upside first. He mentioned BTC is at the moment forming three bearish technical constructions throughout increased timeframes, thereby rising the chance of a deeper correction.
The first sign is a massive bearish divergence seen on each weekly and month-to-month charts. It is at the moment indicating weakening momentum regardless of comparatively high costs. The second is a bearish flag formation, which the analyst mentioned factors immediately towards the $70,000 area. The third is a potential head-and-shoulders sample that continues to be lively and will nonetheless full earlier than a broader sell-off.
Doctor Profit mentioned a transfer increased can’t be dominated out within the close to time period, and noticed that heavy liquidity is sitting between $97,000 and $107,000. This area is predicted to draw costs quickly. However, such a rally wouldn’t change the general bearish construction. He described two attainable paths towards $70,000: Bitcoin might both break down immediately from the bearish flag or first full the head-and-shoulders sample earlier than resuming its decline. While the timing stays unsure, he mentioned the draw back goal stays the identical.
He additionally flagged “large quantities” of heavy insider promoting, which has been ongoing since August 2025. According to Doctor Profit, the dimensions of promoting is the most important he has noticed throughout his monitoring interval and has continued with out slowdown in latest weeks. Such market habits signifies rising stress beneath the floor of the market and is in keeping with the pressures within the monetary system.
The stress within the banking sector and compelled liquidations linked to actions within the silver market are contributing to a fragile macro backdrop. When present situations have been in comparison with durations that preceded main market downturns, the analyst mentioned dangers are constructing throughout a number of asset courses.
Looking forward, upcoming occasions such as US CPI inflation knowledge and the January 15 vote on the CLARITY Act might have an effect on short-term worth motion. However, these developments are unlikely to vary BTC’s broader bearish trajectory.
Institutional Forecasts Diverge
Not all market observers share the bearish view on Bitcoin. For occasion, VanEck lately said that BTC might attain a worth of almost $2.9 million by 2050 beneath its base-case situation. The forecast is constructed on the idea that the crypto asset evolves into a non-sovereign financial asset, capturing between 5% and 10% of world commerce settlement and accounting for roughly 2.5% of central financial institution reserve holdings.
Under these situations, the asset supervisor estimated that BTC would put up a compound annual progress fee of about 15% between 2026 and 2050.
The put up ‘$70K Bitcoin Is a Matter of Time,’ Analyst Warns as Triple Bearish Signs Emerge appeared first on CryptoPotato.
