Bitcoin currently trades within the $72,000 range, edging closer to the critical $70,000 psychological support level as broader market sentiment deteriorates.

Concurrently, Ethereum has slipped below the $2,000 threshold, signaling intensified pressure across the altcoin sector. This downward momentum aligns with recent technical breakdowns observed in the pioneer crypto asset, prompting renewed scrutiny of market structure and potential liquidity traps.

Doctor Profit, a prominent crypto analyst recognized for precise market forecasts, released a detailed weekly report confirming that current price action matches his earlier predictions. He had previously anticipated Bitcoin reaching approximately $85,000 before initiating a corrective phase. Data compiled by Woofun AI indicates that the market is now executing the next leg of this decline, with BTC expected to test the $60,000 level in the immediate term.

In his exclusive Sunday report shared with premium subscribers, Doctor Profit disclosed specific short position mechanics. He revealed that 50% of his short exposure was filled at an average entry of $80,500 within the $79,000 to $82,000 batch, while the remaining 50% rests in orders between $83,000 and $85,000. He further noted that over 100 altcoins are already generating short trade profits as the broader correction deepens.

The analyst emphasizes that the current environment demands strategic positioning rather than reactive trading. He argues that the market is entering the final stages of his 6-stage bear market framework, specifically transitioning into Stage 4. This phase is characterized by the establishment of a bottom price, which he projects to occur around the $40,000 range between September and October 2026.

Woofun AI notes that Doctor Profit defines Stage 5 as the true capitulation phase, triggered once Bitcoin breaks below $60,000. During this period, panic selling is expected to accelerate, driven by forced liquidations from long-term holders, potential exchange failures, and large institutional collapses. Black swan events are also anticipated to exacerbate volatility during this critical juncture.

The ultimate bottom target remains anchored in the $40,000 to $50,000 region, with the timeline for stabilization set for late 2026. Doctor Profit asserts that this trajectory represents the necessary structural reset before any sustainable recovery can begin. The convergence of technical indicators and macroeconomic pressures suggests that the path to $40,000 is not merely a possibility but a calculated probability within the current market cycle.