Bitcoin could spend the next several weeks moving sideways before another leg down, according to crypto analyst Doctor Profit. In his latest market view, he said the asset is trading inside a broad $57,000 to $87,000 range and may remain there during a consolidation phase. If that structure holds, he expects the final bear-market bottom later this year to form around $44,000 to $50,000.
A wide range, not a confirmed bottom
Doctor Profit described the current setup as a “relief phase,” a period where the market drifts sideways and can still produce short-lived upward moves. His point is simple: price strength inside this band does not automatically signal a trend reversal. He sees the current zone as a working structure inside a larger bearish cycle, not as durable long-term support.
He said he first marked this range when Bitcoin was trading near $65,000. He also linked the present setup to Bitcoin’s behavior in 2024, when the asset traded between $58,000 and $74,000 for nearly a year. At that time, he viewed that consolidation as a possible reference structure. Now, with Bitcoin back around similar levels, he argues the market is revisiting a familiar pattern rather than building a final floor.
Comparison with the 2022 price cycle
The analyst drew a direct comparison to 2022. In that cycle, Bitcoin fell about 52% from its previous all-time high, then posted a brief rebound of roughly 44% before the next major decline. He said the current cycle is showing similar behavior, noting that Bitcoin has already dropped around 52% from its recent peak.
That similarity is central to his outlook. In his reading, a sideways stretch would fit the pattern before another move lower begins. He also said market sentiment remains weak, with fear still at extreme levels. For that reason, he does not treat the current band as the final low of the cycle.
Short positions, spot bids, and timing
Doctor Profit also shared how he is positioned. He said he holds short positions opened between $115,000 and $125,000. At the same time, he has placed spot buy orders between $57,000 and $60,000, and reported a recent purchase near $68,000. Those spot buys, he said, are aimed at capturing short-term percentage gains during the expected sideways phase.
Still, he made a distinction between a tradable range and a cycle bottom. His projected final bear-market low sits between $50,000 and the low $40,000 area. If the pattern continues, he said that zone could appear around September or October.