Bitcoin (BTC) 
$87,775.37While , is preparing to close the year in minus after experiencing one of the weakest fourth quarter performances in years, the view that the market remains in the “bear cycle that started in September” is gaining strength. Anonymous cryptocurrency analyst Doctor Profitsuggested that the final bottom formation has not yet been completed and that a period of 12–14 months will be needed for the permanent bottom to form. On the other hand, the analyst said that he expects an increase in the short term and added that a sharp break may not come before the February-March period of 2026.
Doctor Profit: There’s A Little More Time To Bottom
Doctor Profit, who watches the market closely, said that a permanent bottom has not yet formed in Bitcoin and that this process will spread over time. Final according to analyst bottom levelIt is possible for the price to form around $60,000, and before this point is reached, the price needs to accumulate liquidity by remaining horizontal for a long time. This approach is based on the assumption that markets generally bottom not with rapid declines, but with patient processes that wear out participants.
The analyst drew a different picture in the short term. Doctor Profit stated that Bitcoin may find a limited upside area towards the $97,000-$107,000 range in the coming weeks. Stating that he does not expect a large-scale downward break to occur before the first months of 2026, the analyst defined the current period as a phase that tests psychological resilience. He noted that during this period, he expected a significant portion of investors to break away from the market and that this was done with the aim of weakening the buying appetite in the final bottom area.
On the risk management side, Doctor Profit stated that he took positions aiming to benefit from the short-term rise and continued his protective moves against the main downtrend. With this approach, the analyst aims to benefit from a possible 20 percent upside move and offset downside risks in the broader picture.
2026 Scenarios in Bitcoin
A similar short-term–medium-term divergence in Bitcoin Mr Wall Street It is also seen in the evaluations of another analyst named. While the analyst maintains his expectation of a decline in the medium term, he argues that the downward liquidity has not yet reached a sufficient level. For this reason, he stated that Bitcoin may experience a relief rally towards the $ 98,000-104,000 band, and that the said region stands out as an intense liquidity area.
Mr Wall Street, Bitcoin’s weekly 100-day moving average He stated that after holding around 84,500 dollars, he made purchases in regions close to the level. However, he emphasized that the rise he expected did not indicate a permanent trend change, but rather a “bull trap” that could draw investors into wrong positions. The analyst added that the $64,000-$70,000 range may come to the fore again at the end of the first quarter of 2026 or at the beginning of the second quarter.
On the macro front, a more pessimistic picture is drawn. Doctor Profit claimed that liquidity stress in global markets gave similar or even more severe signals to the 2008 crisis. US Federal ReserveHe was of the opinion that the high amount, secured and short-term borrowing opportunities provided to banks by the Fed within the scope of the Standing Repo Facility constitute a line of defense to prevent sudden freezes rather than stimulating the markets. According to analysts, increasing debt burden and inflation pressure may pave the way for a major financial crisis in 2026. He emphasized that following such a scenario, a wave of large-scale monetary expansion could bring Bitcoin and similar assets to the fore again in the long term. In contrast, Bitwise CIO Matt Houganoffers a more optimistic perspective by keeping the possibility of Bitcoin seeing new peaks in 2026 on the agenda.
