Bitcoin at a Crossroads: Plunge to $92K or Shatter ATHs? Analyst Breaks Down the Fork in the Road

Bitcoin's next move hangs in the balance—will it nosedive to $92,000 or rocket past all-time highs? One analyst maps the make-or-break scenarios.

The Bear Case: Gravity Wins

A retrace to $92k would confirm whales are cashing out—classic 'buy the rumor, sell the news' behavior after ETF approvals. Technicals suggest support at this level, but good luck explaining that to retail bagholders.

The Bull Case: FOMO Gets a Second Wind

If institutional inflows keep pace, Bitcoin could blast through resistance like a DeFi exploit draining a vulnerable protocol. New ATHs would trigger another cycle of CNBC pundits 'discovering' crypto just in time for the top.

Either way, hedge funds win—they're hedged. Meanwhile, the rest of us get to enjoy crypto's favorite pastime: pretending volatility is a feature, not a bug.

Bull Flag And Breakout To $130,000 With Retest

The first scenario outlined by Doctor Profit involves a breakout to a price level between $113,000 and $114,000, which would take bitcoin to a new all-time high in the process. However, this all-time high would be very brief. According to this scenario, a sharp correction is expected to follow once Bitcoin reaches this range. 

This correction will send the price back down into the $92,000 to $93,000 range to fill a CME gap and tap into a major liquidity pool. Rather than causing panic, the analyst views this MOVE as part of a bullish continuation.

This potential retracement zone is clearly marked on Doctor Profit’s daily candlestick chart with the message “Add more if market allows.” The pullback, if it happens, WOULD serve to reset the market and initiate a bounce before Bitcoin resumes its upward trajectory to $120,000 again.

Direct Rally To $120,000 Without Retest

The second path skips the correction altogether. In this scenario, Bitcoin breaks through the flag resistance to rally past $113,000. From there, the scenario sees Bitcoin continuing upward without returning to the lower support zones. The move hinges on the ability of Bitcoin to gain momentum rapidly and lead to a strong push toward $120,000. Doctor Profit points out that this option is a more aggressive bullish continuation, and both scenarios are valid for bullish price targets in the long term.

He also debunked fears surrounding the sudden movement of a dormant Satoshi-era whale wallet containing 80,000 BTC. The analyst believes the transfer was likely an over-the-counter deal between a large private entity and an institution or government and not a sign of looming sell pressure. Volatility is going to be very low in the coming days, as there are no macro market events that can cause price volatility. FOMC meeting minutes are due Wednesday, and there are going to be US unemployment claims on Thursday, but both are low-volatility events.

Nonetheless, the $113,000 to $114,000 price range is the most important level to watch in both scenarios. What follows from there, a sharp correction or a straight continuation, will define the speed of the next leg to $120,000. At the time of writing, Bitcoin is trading at $108,270.