Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days
Bitcoin (BTC), the main cryptocurrency, has made headlines this week by persistently breaking all-time highs, not too long ago surpassing the $126,000 mark for the primary time.
However, the present value motion has not solely drawn consideration from traders but in addition reignited discussions surrounding a notable prediction made two years in the past. An nameless person had forecasted that Bitcoin would obtain a peak on October 6, 2025—a prediction that got here to fruition simply yesterday.
Potential New Bear Market Ahead
Despite this milestone, Bitcoin has retraced to round $121,000 inside hours after at present’s report, resulting in a wave of liquidations from lengthy positions throughout varied exchanges.
This fast value fluctuation has led many to take a position that the latest peak may probably mark the cycle’s all-time high, suggesting that Bitcoin may quickly enter a brand new bear market part.
The prediction made in December 2023 posits that if historic patterns maintain true, the bear market low is anticipated to happen exactly 364 days later. This idea has gained traction amidst at present’s volatility, with consultants warning {that a} shift in market sentiment might be imminent.
Market analyst Doctor Profit has not too long ago cautioned that regardless of the present bullish pattern, the market is coming into a precarious part. He famous that whereas there’s a prevailing sense of euphoria, underlying monetary indicators are signaling a possible liquidity disaster.
Highlighting the present state of affairs, Doctor Profit pointed to the Reverse Repo (RRP) market, which has plummeted from a peak of $2.2 trillion in mid-2022 to a mere $8–10 billion at present.
This decline raises issues concerning the stability of interbank liquidity, suggesting that the monetary system might quickly face vital dislocations if the RRP continues to dry up. Historical parallels from 2018, 2019, and 2023 point out that such liquidity points typically precede main market corrections.
Moreover, US banks are reportedly grappling with roughly $395 billion in unrealized losses as of the second quarter of the yr, placing extra strain on their steadiness sheets.
Expert Sounds The Bitcoin Alarm
In the crypto area, latest developments reveal substantial inflows into exchange-traded funds (ETFs), with corporations like BlackRock contributing over $1 billion in Bitcoin and $200 million in Ethereum simply final week.
However, Doctor Profit contends that the market’s broader liquidity image stays regarding. While retail merchants are expressing optimism a couple of “liquidity flood,” the knowledgeable cautions that the inflow of money into cash market funds may truly drain liquidity from broader markets fairly than improve it.
The present market surroundings can be characterised by a notable uptick in insider promoting, in accordance with the knowledgeable’s broader panorama evaluation, during which executives are reportedly offloading shares at an unprecedented price, at the same time as retail investor inflows surge.
The knowledgeable believes that this alleged market manipulation typically indicators a market cycle peak, creating what he believes “a extremely poisonous combine” that might have antagonistic implications for future value actions.
In conclusion, Doctor Profit notes that the general sentiment paints a bearish image at a macro degree. Both the crypto and inventory markets are seen as being at an elevated threat of coming into a bear market after the fourth quarter.
Featured picture from DALL-E, chart from TradingView.com
