As the year draws to a close, Bitcoin is grappling with a lackluster performance in the fourth quarter, igniting discussions about a bear market cycle initiated in September. A crypto market observer, Doctor Profit, voices skepticism about the formation of a market bottom, projecting that a genuine bottom might take 12-14 months more to emerge. Despite this forecast, a brief upward trend seems imminent before a notable downturn that might not materialize until early 2026.
Is Bitcoin Nearing a Bottom?
Doctor Profit remains vigilant, asserting that Bitcoin still has to establish a stable bottom, which could form around $60,000. The market might need to endure a prolonged sideways movement to gather necessary liquidity. His analysis is informed by historical patterns where sustainable bottoms form not from swift drops but through gradual exhaustion of market participants.
Near-term projections by Doctor Profit suggest a rise in Bitcoin’s value to somewhere between $97,000 and $107,000 in the upcoming weeks. A notable downward shift isn’t probable before 2026, designating the current period as one testing investor endurance, which could diminish buying enthusiasm when the bottom eventually solidifies.
Regarding risk strategies, Doctor Profit plans to capitalize on the expected short-term gains while safeguarding against broader downtrends, aiming to secure potential gains and cushion against losses.
What Awaits Bitcoin in 2026?
An alternative viewpoint from a prominent observer, Mr. Wall Street, aligns with a short-term positive outlook despite a longer-term bearish stance. He proposes that Bitcoin might surge towards $98,000-$104,000, identifying it as a zone with critical liquidity potential.
Mr. Wall Street shares that he invested in Bitcoin when it hovered around $84,500, citing its steadiness near the 100-day moving average on the weekly chart. He warns against perceiving temporary climbs as indicative of a lasting trend shift, labeling them potential “bull traps” that could misguide investors. He projects a return to the $64,000-70,000 range by late Q1 or early Q2 of 2026.
The macroeconomic perspective casts a bleak outlook. Doctor Profit foresees global market liquidity stress swelling to a crisis akin to, or worse than, the 2008 meltdown. He views the Federal Reserve’s strategies, like the Standing Repo Facility, as measures to avert sudden market standstills rather than as catalysts for growth. He suggests escalating debts and inflation may herald a financial crisis in 2026, potentially leading to extensive monetary easing that could strengthen assets like Bitcoin long-term.
“Rising debt burdens and inflation pressure could pave the way for a major financial crisis, emphasizing the importance of strategic market navigation,” Doctor Profit shares.
The crypto sphere stands at a pivotal juncture with mixed forecasts and the looming macroeconomic challenges ahead. While some experts foresee a crisis of significant proportions, others hold onto more positive projections for Bitcoin’s trajectory, speculating on new highs as the years unfold.
