Compass Investments

– This article is also available in Spanish. Bitcoin continues to fall below $90000 after blockchain data showed that whales are selling out en masse. This price drop came amid bullish news that Donald Trump signed an executive order creating the Strategic Bitcoin Reserve (SBR). Despite this, the lack of bullish momentum means that the bearish trend is likely to continue.

well-known crypto analyst Doctor Profit sounded the alarm about an impending major correction in the bitcoin price. In a detailed post on social media platform X, he outlined the reasons for this change, arguing that current market conditions indicate that bitcoin is about to begin its first major correction in this cycle.

Bitcoin’s strategic readiness: a misunderstood narrative? BREAK Popular crypto analyst Doctor Profit reported that he has sold a significant portion of his assets and is entering a short position. In particular, the analyst noted that recent news about bitcoin’s strategic reserve was a key factor that made him reconsider his bullish stance. He emphasized that while individual investors view this event as momentous, big players and whale investors are already assessing its implications.

Many crypto investors expected the US government to start hoarding bitcoin to replenish its reserves. However, bullish investors were disappointed when the executive order focused on bitcoin confiscated in previous seizures instead of the expected subsequent pressure on bitcoin.

According to Dr.

Profit, the earlier-than-expected signing of the executive order means that the market dynamics have changed. According to him, the market dynamics have changed. He expected the move to be implemented in the coming months, allowing the bitcoin price to maintain its upward momentum until the first significant correction. However, he now sees this as the beginning of a long-term decline, and

Dr. Profit points to a bull market trend where bitcoin experiences at least one 40-50% drop before reaching an all-time high, and strongly believes that this cycle has yet to experience a full-blown correction.

He believes that the market has yet to experience a full-blown correction. He sees the current move as the last push before a 40-50% drop. In his opinion, now is the ideal time to place sell orders and open short positions.

His prediction is a pullback to $5,000 – $6,000 before bitcoin resumes its long-term bullish trajectory. Talking about his trading strategy, he says he has already sold 50% of the bitcoin he has accumulated at the $16,000 level. He has set short orders in the range of $90000 to $102,000 with a target profit at $74,000 for initial profit taking, followed by a full exit around $50000 to $60000 and a full buyback to double his holdings.