At a Glance
- Bitcoin faces three concurrent bearish chart patterns pointing to $70,000
- Heavy insider selling has persisted since August 2025
- Short-term rally to $97,000-$107,000 still possible before breakdown
- Why it matters: Traders risk a 20%+ drop despite recent stability above $90,000
Bitcoin is hovering above $90,000 as political friction between President Trump and Fed Chair Powell escalates, but technical indicators warn the next major move is likely downward.
Crypto analyst Doctor Profit told News Of Losangeles that BTC is forming a rare triple-bearish configuration on higher timeframes. The convergence of these patterns raises the probability of a correction toward $70,000, even if prices spike in the coming weeks.
Three Chart Patterns Point South
Doctor Profit outlined the bearish case built on three separate signals:
- Bearish divergence on weekly and monthly charts shows momentum weakening despite elevated prices
- Bearish flag suggests an immediate path toward the $70,000 region
- Head-and-shoulders formation remains active and could complete before a bulk sell-off
The analyst emphasized that a short-term bounce is still on the table. Liquidity clusters sit between $97,000 and $107,000, a zone that historically attracts price. Any surge into that area, however, would not negate the overarching negative structure.
Doctor Profit sees two potential routes to $70,000:
- A direct breakdown from the bearish flag
- A brief lift to finish the head-and-shoulders pattern, followed by a slide
Timing is uncertain, but the downside objective is unchanged.
Insider Selling at Record Pace
Since August 2025, wallets linked to insiders have unloaded “massive amounts” of Bitcoin. Doctor Profit described the volume as the largest he has logged during his tracking period and noted that the pace has not slowed in recent weeks.
Persistent insider distribution often foreshadows broader market stress. The analyst tied the selling to fragility in the banking sector and forced liquidations touching the silver market, comparing current cross-asset signals to conditions that preceded prior downturns.
Macro Clouds Gather
Beyond technicals, macro headwinds are building. Escalating tension between the White House and the Federal Reserve adds policy uncertainty, while geopolitical unrest keeps risk premiums elevated.
Upcoming catalysts include:
- U.S. CPI inflation release
- January 15 vote on the CLARITY Act
Doctor Profit said these events could spark short-term volatility but are unlikely to reverse Bitcoin’s bearish course.
Institutional Forecasts Still Bullish Long-Term
Not all market watchers share the near-term gloom. VanEck recently published a base-case projection that sees BTC reaching $2.9 million by 2050. The estimate assumes Bitcoin becomes a non-sovereign monetary asset, capturing:
| Metric | VanEck Assumption |
|---|---|
| Share of global trade settlement | 5%-10% |
| Share of central-bank reserves | ~2.5% |
| Compound annual growth (2026-2050) | 15% |
VanEck’s scenario is multi-decade and does not contradict shorter-term technical risks.
Key Takeaways
- Triple bearish patterns dominate Bitcoin’s higher-timeframe charts
- Heavy insider selling has continued unabated since mid-2025
- A brief liquidity grab toward $97,000-$107,000 is possible before a deeper retreat
- Macro stress, including banking-sector strains, adds downside pressure
- Long-term institutional models remain constructive, but the immediate path of least resistance points toward $70,000
