Bitcoin (BTC) entered the week with a fresh decline below $71,000 on Monday, and its next move remains uncertain.
But market players expect a final upside push before a major downturn unfolds in the coming weeks.
Final Pump Before Dump?
Crypto analyst Doctor Profit believes Bitcoin could see a limited upside move in the near term before entering a broader and more aggressive decline. According to his latest assessment, the probability of Bitcoin climbing toward the $76,000 level is high. While the price could still extend beyond that zone into the $79,000 to $84,000 range, uncertainty remains about how far the current upward momentum can stretch before a reversal begins.
In his latest tweet, Doctor Profit stated that the broader trend remains bearish despite the potential for short-term gains. He expects the market to experience a significant downward move in the coming weeks and argued that the current price action could be setting up a bull trap.
In this scenario, temporary upward mo
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