- Reputed crypto analyst reveals weekly Bitcoin report.
- The analyst continues to advocate for a bearish 2026 once again.
- Could BTC revisit 6-digit targets before a fall to $70,000?
Doctor Profit, the popular and reputed crypto analyst reveals weekly Bitcoin report advocating for bearish 2026 once again. In a continued call for a very bearish year, this analyst, known for his many accurate silver-tongued predictions, explains why he continues to believe that 2026 will move into a bear market instead of the many calls for a bullish 5-year supercycle year.
Reputed Crypto Analyst Reveals Weekly Bitcoin Report
The analyst begins his report by stating that Bitcoin is forming three major bearish setups simultaneously, with the first being a massive bearish divergence, already active on the weekly and monthly charts. Then, the second is a clear bearish flag pointing directly toward the $70,000 region, and the third is a potential head-and-shoulders structure that is still very much in play.
The analyst then states that while a push into the $97,000 – $107,000 price range is not off the table, the main bear target of $70,000 is where BTC is headed. According to the analyst, the bearish setups are competing with each other and have a 50-50 probability of playing out. The analyst also highlights how insiders are selling at maximum speed, a continued action the analyst has witnessed since August 2025.
As we can see from the post above, the analyst states that this week was no different, and the big picture has not changed, meaning insiders continue to see the market at an accelerated pace, with the final goal being a bear market this year. In fact, the analyst believes that a complete 2008-style crash is approaching. He says that the entire system is under pressure, as banks are stressed, and silver is forcing liquidations one after another.
Bearish Expectations for 2026 Stay Strong
The analyst then concludes his post by stating that he is currently only bullish on gold and silver, and is ultra-bearish on stocks and Bitcoin (BTC). He also revealed that at present he has positioned with large shorts from between the $115,000 – $125,000 price range. Furthermore, he says that if the market allows revisiting the $97,000 – $107,000 price range, he will add more serious size to shorts, and I will also close the spot position from $85,000 and roll those profits straight into the short side.