Jan 13, 2026
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Bitcoin Faces Potential Drop to $70,000 Amid Bearish Market Trends
The cryptocurrency and stock markets have experienced significant volatility, with potential further declines expected in 2026. A crypto analyst, Doctor Profit, has issued a warning about a bearish scenario for Bitcoin, predicting another potential price drop amid ongoing market pressure.
Key Points:
- Doctor Profit identified three major bearish setups for Bitcoin, including a Bearish Divergence, a bearish flag indicating a possible drop toward $70,000, and a Head and Shoulder pattern that could manifest.
- While short-term increases to the $97,000-$107,000 range are possible, the ultimate target remains $70,000.
- If Bitcoin approaches $97,000 to $107,000, Doctor Profit plans to increase short positions from $115,000 to $125,000.
- The analyst is also "ultra-bearish" on the stock market, highlighting stress on banks and forced liquidations affecting precious metals like Silver.
- There is record-selling activity among investors since August 2025, suggesting panic and a potential 2008-style crash.
- Despite his bearish stance, Doctor Profit holds bullish views on Gold and Silver.
Upcoming Influential Events:
- The US CPI inflation forecast of 2.7% will be released soon, potentially impacting markets.
- US lawmakers will vote on the CLARITY Act on January 15, which could establish regulatory clarity for the crypto market if passed.
