Bitcoin is stuck in an extended sideways consolidation between $57,000 and $87,000, and crypto analyst Doctor Profit is sounding the alarm. He argues that this range mirrors the 2024 price box and is likely setting up a major breakdown toward $44,000–$50,000, not a bullish continuation.
History Repeats? The 2024 Box as a Blueprint
Doctor Profit points out that Bitcoin spent an entire year in 2024 trading between $58,000 and $74,000 before eventually surging to $100,000. He sees the current structure as a near-identical setup — but now it's playing out in a bear market context. “This same zone is not support, it is structure, and structure eventually breaks,” he said.
Once the sideways phase concludes, the probability of a breakdown below the box rises sharply, he added.
Dual-Position Strategy: Spot Buys + Long-Term Shorts
The analyst is buying spot Bitcoin between $57,000 and $60,000, but he emphasizes this is only for short-term percentage gains. “I buy 57k–60k for percentage gains, not for the long-term plan,” he stated. Meanwhile, he keeps a heavy short position originally opened between $115,000 and $125,000.
Doctor Profit expects the lower boundary to be tested multiple times, which justifies holding both spot buys and shorts. On the upside, $87,000 is the highest the market can reach depending on strength and duration — giving traders a possible temporary bounce to exploit before the eventual plunge toward $44k–$50k.