Bitcoin Price Dips Below $87,000, Silver-Tongued Analyst Reveals What to Expect Next

Bitcoin price dips below $87,000, reigniting bearish claims

Doctor Profit goes on to share his weekly market report

The silver-tongued analyst says sideways movement first, then a greater dip.

The price of Bitcoin and Ethereum has dipped once again today, kicking off the week with greater bearish sentiment. In detail, the price of Bitcoin (BTC), the pioneer crypto asset, has fallen to the $86,000 price range, while the price of Ethereum (ETH), the pioneer altcoin asset, has fallen to the $2,800 price range. With no driving force behind the price dips, a silver-tongued analyst reveals what to expect next

Silver-Tongued Analyst Reveals What to Expect Next

The reputed analyst, Doctor Profit, known for his many accurate predictions so far this bull cycle, goes on to share his latest call on what the week will bring for crypto assets. To start off, the analyst says that today BTC is closing the third week in a row below the EMA50, the golden line that has held since the bull run started in 2023. He states that losing it confirms the beginning of the bear market we are currently in

On top of that, he draws attention to the confirmed death cross which occurred two weeks ago. Despite weeks of selling pressure, the market still looks healthy in terms of positioning: longs and shorts remain fully balanced, which explains the sideways movement the market is currently playing out. He then asks: Why is this sideways movement important? The answer he reveals is to build significant downside liquidity, which market makers must keep true

Specifically, market makers must keep the price moving sideways for a while or even fake pump the market to allow more bullish sentiment in the market to trap bulls once again. This allows the market to stabilize, trap traders, and accumulate liquidity beneath the current levels. Only once enough liquidity is built will market makers send the trigger for the next leg down. Do we currently have enough downside liquidity? In his opinion, no. Not yet

Sideways Movement Before Major Downside?

Doctor Profit says that he doesn’t see enough liquidity below us to justify initiating the next major drop at this moment. That’s why he expects a sideways range between the current price and the EMA50 level ($100,000) in the coming days and weeks. The two largest liquidity clusters in the short term are at the $97,000 and $107,000 price range. It’s interesting because the EMA50 is located at $100,000 as well, meaning there is a high probability of retesting the EMA50, as we have seen no retest since the breakdown yet

He concludes by saying that for now, it is best to expect a boring sideways phase, with confirmed targets of $70,000 - $75,000 by the beginning of 2026. Again, he confirms, moves like these take time, and that’s what most people fail to understand. It’s not ‘down only’ and then back up. It can be a strong drop, followed by long sideways consolidation, then a fake relief rally, and then continuation lower lows.