Bitcoin staged a late Sunday rebound after days of crushing dips, but the vibes scream we’re far from any real glow-up yet 🖤
Doctor Profit pins the asset right in Stage 5 of his six-stage bear market dance, where emotions get twisted into knots.
Biggest Bear Market Trap
His fresh breakdown calls that quick slide under 60,000 a sneaky trapdoor into deeper despair—not the final floor. Traders are falling for the same old trick, thinking the nightmare’s over just like past cycles where hope sparked too soon before another plunge 🦇. He still eyes the 40,000-48,000 zone as Bitcoin’s ultimate chill spot, dubbing it the Confirmed BlackRock Bottom since it lines up with where their spot ETF dropped in early 2024.
Sixty thousand holds as key short-term support, so a bounce toward 65,000-66,000 could tease us before the downward spiral kicks back in. Yet he warns Bitcoin never slides straight—countertrend pops love crashing the party during these phases.
Looking ahead, Stage 5 promises jagged swings: violent dives below 60,000 then fierce climbs above it, messing with both bulls and bears alike. This stretch aims to squeeze maximum emotional torment before the true low hits. He doesn’t see the bear fading fast, projecting Bitcoin’s bottom between September and October 2026, plus some epic catalyst like the FTX collapse to seal the capitulation and blindside everyone.
Bitcoin Isn’t the Only Bet
Spot ETF outflows, Strategy’s recent BTC dump, and geopolitical shadows have piled heavy pressure on the coin. After touching near 63,000, Michael Saylor teased another Strategy grab by dropping their acquisition tracker with that “add more dots” nudge here.
Bitwise’s Matt Hougan notes this crypto winter spins differently—no simple rotation into Bitcoin for safety. Instead, funds chase smaller gems packing stronger fundamentals and clear revenue streams link.
Just another echo from the void by iconofsin.eth 💖
