- Bitcoin shows bullish signs for rally to $97,000 – $107,000.
- Analyst remains bearish long-term, expecting BTC to fall to $70,000.
- Analysts suggest a pump now offers a chance for quick gains in playing the market.
The crypto market continues to see a New Year’s rally with the price of BTC currently trading over the $90,000 price range and ETH trading over $3,000. Presently, Bitcoin shows bullish fogns for rally to $97,000 – $107,000, leading bearish analysts to take the opportunity to set spot positions for profits before their expected bearish price decline phase to continue and take BTC to much lower targets.
Bitcoin Shows Bullish Signs for Rally to $97,000 – $107,000
The popular analyst, Doctor Profit, known for his many accurate silver-tongued predictions so far this bull cycle reveals his latest weekly report, slightly earlier than expected to highlight the current market movement and a very important development. The report begins by stating that for the first time in a month, Bitcoin (BTC), the pioneer crypto asset, is breaking out above the Silver Line, which was rejected in the last five attempts, now with a clear retest and bullish confirmation.
Since August 2025, Doctor Profit has been tentatively bearish, a hunch that was confirmed during the $20 billion liquidation event in October 2025. This event led to the price of BTC steadily declining to lower prices, leading this analyst and others to declare teh steady start of a bear market. Even now, while the analyst prepares for a short price pump, he remains bearish for the long-term.
As we can see from the post above, the analyst explains that BTC’s latest move means that Bitcoin has managed to defeat the bears at this short-term resistance, giving a clear signal that it is ready to move further. This is what he had been waiting for over the past two months. After hitting $80,000, he expected a possible move from BTC to the $97,000 – $107,000 price range before continuing its downside move.
Reputed Analyst Remains Bullish Long-Term
Doctor Profit then reveals his strategy to make the best of this price surge by setting up multiple spot trade positions and his intention to sell between the $97,000 – $107,000 price range. He also mentions that at the same time, he is keeping the shorts from $115,000 – $125,000 fully open in preparation for when the market could visit these levels again.
Finally, he reminds the community that he remains fully bearish and expects BTC to fall below $70,000 and highlights a recent move that supports his bearish narrative, which is the fact that on New Year’s Day, the FED lent $106 billion in overnight repo operations to banks. This suggests that the Fed is preparing for situations where multiple large institutions may need massive liquidity at the same time, and they are making sure there is no chaos when that moment arrives.
