Bitcoin (BTC) stayed almost unchanged on Christmas Day as there was cautious trading and fewer big investors taking part. Experts think that Bitcoin might face more tough times ahead.
Analyst Predicts Long Bear Market
A well-known crypto analyst, Doctor Profit, shared his thoughts in a tweet. He believes Bitcoin could hit its lowest price between September and October of 2026. A bear market, which is when prices keep falling for a long time, seems to be ongoing. Because of this, he moved all his money from USDT (a stablecoin equal to 1 U.S. dollar) back to the bank and isn’t holding any crypto right now.
Doctor Profit said the market isn’t good enough for holding crypto at the moment and expects the bear market to last longer. He shared information about his investments. He has a short, or bet against Bitcoin, from when its price ranged between $115,000 and $125,000. He also has some Bitcoin bought at roughly $85,000. He plans to sell if it increases briefly to about $107,000 but expects it to drop back again in February-March.
Bitcoin’s Current Price and Resistance Levels
Bitcoin is currently priced at $89,259, showing a small 2% daily increase. But it is still below certain important resistance levels. Resistance levels are price points where traders expect an asset to have difficulty going higher.
According to CryptoQuant, $100,000 is a big resistance level for Bitcoin right now. This is because some new investors, called ‘whales’ who have a lot of Bitcoin, bought it at an average price of $100,500. A whale is someone who owns a huge amount of cryptocurrency. Whales might either sell to take profits or buy more at this price range, which could affect Bitcoin’s next move.
Other important levels include Binance users who bought Bitcoin at an average price of $56,000. Binance is one of the biggest crypto exchanges. This acts as a support zone where buyers might step in to avoid bigger declines.
Older whales who have held Bitcoin for over 155 days bought at an average price of $40,000. Because of this, they are still seeing profits and may be selling to take some of those gains.
Risk of Bitcoin Dropping to $40,000
A crypto analyst named Ali Martinez talked about another warning sign. He explained that Bitcoin’s price is close to its 50-week Simple Moving Average (SMA). This is a way to track trends by calculating the average price over a period of time.
Historically, when Bitcoin fails to stay above this level, it often leads to a big price drop. On average, this drop is about 54%. If Bitcoin follows this pattern and falls, it could go to around $40,000.
The analyst said a price drop isn’t guaranteed immediately but warned that Bitcoin needs to stay above this level to avoid downward pressure in the coming weeks and months.