Bitcoin’s explosive run may have just reached its final chapter, according to prominent market analyst Dr. Profit, who says the charts are flashing unmistakable signs of exhaustion. In his latest Big Sunday Report, the trader warns that Bitcoin could soon break below its critical $101,700 “magic bull market line”, a level that, if lost, would officially confirm the end of the bull market.
Dr. Profit reiterated that he had been sounding alarms since late August, urging traders to sell or short between $115,000 and $125,000. His strategy proved accurate when Bitcoin topped out at $126,000, just $1,000 above his projected ceiling, before suffering what he described as a “historic dump” in early October. He credits those who acted early with avoiding massive liquidations during what became the largest wipeout event in market history.
“Greed has completely taken over,” Dr. Profit wrote, noting that both bulls and bears have fallen into emotional traps. He explained that market makers often punish both sides, bears who short too late and bulls who refuse to sell, before a major move unfolds. For now, his outlook remains firmly bearish, with only a temporary rebound to around $116,500 possible before a deeper correction resumes.
Adding to the cautionary tone, Dr. Profit pointed out that short-term holders’ average entry sits at $112,500, meaning many recent buyers are already underwater.
A further 5–10% drop, he said, could trigger another wave of forced selling, amplifying downward pressure.
The upcoming CPI data release on Friday, projected at 0.3%, could be the next catalyst for volatility. “Breaking below $101,700 will silence the bulls once and for all,” he warned. “The move will be massive, prepare for it, and don’t be a fool.”
At a time when greed dominates sentiment, Dr. Profit’s message is clear: the real danger may not be missing the next rally, but staying too long before the music stops.