Everything You Must Know About This Week's Bitcoin Price

crypthub

about 3 hours ago

Current Market Context

Bitcoin is consolidating around $65,000 on the weekly chart, and analyst Doctor Profit warns the market remains trapped inside a broader bear structure. His recent report reviews past cycles and maps a path from euphoria to a potential trend reversal. The analysis underscores that despite recent stability, bearish dynamics still dominate.

Bear Market Stages Overview

Doctor Profit outlines six recurring stages: Stage 1 featured euphoric buying near $115‑125 k, leaving the market over‑leveraged; Stage 2 saw a break below $100 k, triggering massive liquidations; Stage 3 delivered a rapid decline from $97 k to $47 k, a loss of over 50 % in a month. The market is now in Stage 4, marked by sideways movement, depleted liquidity, and a short‑term bounce expected between $57‑60 k. This phase exhausts retail traders and creates conditions for the next shift.

Future Outlook

Stage 5 is described as the “true capitulation” phase, where extreme fear and possible black‑swan events could push Bitcoin to a bottom of $35‑45 k. Stage 6 anticipates a gradual recovery with continued sideways trading, decreasing selling pressure, and accumulation by large players. Retail participants may misjudge the bottom, repeating the classic pattern of buying high and selling low, before the market transitions into its next bullish cycle.