- Bitcoin price slips closer to $70,000.
- The pioneer crypto asset’s price continues to drop.
- Bitcoin price expected to dip to $60,000 soon.
The crypto community is disappointed to see the price of BTC slip closer to the $70,000 price range, as it currently trades in the $72,000 price range. Meanwhile, altcoin sentiments are being crushed too as the price of ETH slips under the $2,000 price range. As Bitcoin price slips closer to $70,000, one reputed crypto analyst, Doctor Profit, known for his many silver-tongued predictions, shares his latest report on the market.
Bitcoin Price Slips Closer to $70,000
Doctor Profit, the popular crypto analyst known for his many accurate silver-tongued predictions, went on to share his latest weekly crypto market and Bitcoin report. According to him, the market is reacting just as he expected, which was for the price of BTC to hit around the $85,000 price range before falling to lower price ranges. Now, he expects the price of BTC to dip towards the $60,000 price range next.
As we can see from the post above, Doctor Profit reveals how his last report was privy only to his community members, where he mentions that 50% of the short position was filled with an average entry of $80,500 in the $79,000 – $82,000 batch, with the remaining 50% sitting in orders between $83,000 – $85,000. He also reiterates that the price of BTC will continue to fall round with about a 100 altcoins in the market, on which he is already seeing short trade profits.
Pioneer Asset Price Continues to Drop
As the post goes on, he says that this is the time to position, wait, and let the market do what it has been preparing to do for months, which is to enter into the final stages of his 6-stage bear market framework and go on to set a bottom price, likely t the $40,000 price range, which DOctor Profit expects to arrive betwee September and October. He concludes that this is exactly what Stage 4 looks like before the transition into Stage 5, the true capitulation phase.
In detail, he concludes that stage 5 begins once BTC breaks below $60,000, and from there the panic accelerates. During this stage, he predicts forced selling from long-term holders, exchange or large player collapse, and black swan-type events to play out. Additionally, he adds that the $40,000 – $50,000 region remains to be his ultimate bottom target, with September – October 2026 as the most likely timeline for the pioneer crypto asset to bottom out.