- Crypto prices surge in a weekend recovery pump.
- Can BTC and altcoins maintain the momentum?
- Expert shares latest market report, certain on a bearish year for BTC.
The crypto market experienced a promising surge in prices over the last couple of days, leading traders and analysts sharing bullish forecasts, and declaring a positive turn during the short bear market. Thus, the crypto prices surge in a weekend recovery pump has ushered in a high sentiment start to the new week. Can BTC and altcoins maintain the momentum, or will Q2 end in a bearish state?
Crypto Prices Surge in a Weekend Recovery Pump
Popular crypto trader and analyst, Doctor Profit, known for his many accurate market predictions so far, went on to share his latest weekly Bitcoin and crypto market report. In this latest report, he draws attention to short-term moves between the $60,000 – $64,000 or $60,000 – $68,000 price range and mentions how the current market moves have still not led to him changing his mind about where the price of BTC will go next.
As we can see from the post above, he confirms that the focus is on the macro move toward the $40,000 and $50,000 price area which he described as the confirmed BlackRock Bottom area. This he says is a scenario that will play out in about 4-5 months from now. He also states that short-term fluctuation in this range is exactly what he expects during Stage 5, and how his prediction for BTC has still not changed.
Next, he sheds light on the aSOPR Signal, the Adjusted Spent Output Profit Ratio metric which shows whether the average BTC being moved on-chain is being sold at a profit or a loss. Right now, losses are starting to be realized. People who bought at the price ranges between $70,000, $100,000, and at ATH levels are beginning to sell into the market at meaningful losses for the first time in this bear market.
This, he states, is the behavior he has been watching for since Stage 4: when short-term holders are capitulating. He says what’s important to note here is that the selling has not yet reached the extreme levels seen in previous bear market bottoms. In 2018, in 2022, and in every prior cycle, the bottom came with a single extreme realized-loss event. One day, one week, one event where panic selling reaches absolute maximum.
Can BTC and Altcoins Maintain the Momentum?
Next, he speaks of the same thesis where the bottom for Bitcoin will be the BlackRock zone, the area where the BlackRock ETF launched in early 2024. This $40,000 – $50,000 price region remains his target for the final cycle bottom, and September – October 2026 remains the preferred timeline. This is a thesis he has been sharing from over two years when in July 2024 when he wrote that the Golden Bull region would mark or be very close to the bottom of the next bear market. Now, two years later, price action is converging precisely toward that zone.