Bitcoin Faces Pressure Below $100K as Doctor Profit Flags $60K Risk After Recent Surge

LiquidationSurvivor · 2026-01-05T13:34:06+00:00

Crypto analyst Doctor Profit warns of a potential decline in Bitcoin's value, predicting a drop toward $60,000 after a recent rally to $125,000. He cites significant capital movements from major institutions as evidence of increasing selling pressure.

LiquidationSurvivor

2026-01-05 13:34:06

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Prominent crypto analyst Doctor Profit has shared a cautious perspective on Bitcoin’s near-term trajectory, warning of potential downside following the recent rally that pushed BTC to $125,000. The trader, who accurately forecasted Bitcoin’s 2021 cycle top near $68,000, now sees the current pullback as merely the beginning of a more substantial decline toward $60,000.

Market Weakness Signals Growing Concern

Bitcoin’s recent performance tells a sobering story for bullish enthusiasts. The leading cryptocurrency experienced an 8.4% drop over 24 hours and has shed approximately 17% since its peak two weeks ago. With BTC currently trading around $92.86K according to recent data, the question isn’t whether another leg down could materialize, but rather how far the selling pressure might extend.

Doctor Profit categorizes this pullback as stage one of a deeper correction, suggesting investors should prepare for further downside movement rather than immediate recovery. His track record of predicting previous cycle tops adds weight to this bearish assessment.

On-Chain Evidence Reinforces Bearish Case

The trader’s concerns align with observable blockchain activity. Significant capital movements have emerged from major institutional Bitcoin holders, most notably Grayscale and BlackRock. These fund managers together moved over $3 billion worth of Bitcoin to exchange wallets within a compressed 45-minute window on November 20, a clear signal of potential distribution activity.

Such large outflows to exchanges typically precede increased selling pressure, as institutions move holdings to trading platforms to execute sizable liquidations. This on-chain behavior provides technical confirmation of the bearish thesis, suggesting the weakness may be more than temporary profit-taking.

What Traders Should Watch

As Bitcoin consolidates between its recent peak and current levels, the $60,000 price target identified by Doctor Profit represents a critical support level to monitor. Whether the market accepts this prediction or finds bids higher will determine the next major price discovery phase in the Bitcoin cycle.

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