Bitcoin’s Rollercoaster Ride Continues
Bitcoin’s price has been all over the place lately. After dipping close to $98,400, it clawed its way back above $105,000 by Monday. Traders are used to wild swings, but this one feels a little different—like the market’s holding its breath, waiting for the next big move.
Some analysts think that move could be downward, at least for a while. Doctor Profit, a well-known technical analyst, pointed out a glaring gap on the CME charts around $92,000. Gaps like that tend to get filled eventually, and if this one does, it could spook the market even more. That’s usually when the big players step in, scooping up coins while everyone else panics.
Why $92,000 Matters
According to Doctor Profit, there’s a pile of liquidity sitting near $92,000, making it a likely target. If Bitcoin heads there, it’d mean a 12% drop from current levels—not catastrophic, but enough to shake out weak hands.
Other signals aren’t looking great either. The MACD indicator on the daily chart just flipped bearish, and Bitcoin lost what the analyst calls the “golden line”—a key support level around $103,000. Without reclaiming that, any recovery might be short-lived.
And then there’s the worst-case scenario: a plunge all the way to $82,000–$84,000. Unlikely? Maybe. But in crypto, “unlikely” doesn’t mean much.
The Golden Line Could Change Everything
For Bitcoin to turn things around, it needs to close above that golden line. Doctor Profit calls it a “critical retest”—if it holds, the bulls might finally get some breathing room.
There’s also a huge cluster of liquidity around $113,000, packed with short positions waiting to get squeezed. If Bitcoin pushes past the golden line and keeps going, those shorts could fuel a rally. Traders stuck in defensive mode might finally relax and start betting on higher prices again.
Just a few days ago, Doctor Profit thought Bitcoin would need to revisit $90,000 before making new highs. Now, he’s not so sure. With geopolitical tensions easing (at least for the moment), the path to all-time highs might be clearer than expected.
As of now, Bitcoin’s trading around $105,560, up 3% in the past day. It’s still 5.3% below its peak of $111,800, but in this market, that gap could close in hours—or weeks. Nobody really knows.
One thing’s certain: the next few days will be interesting.
