Silver-tongued Analyst Turns Bearish on BTC

• Analyst predicts another dip for BTC, expecting a price drop between $72,000 and $68,000.
• Shares reasons for bearish outlook.

Seasoned analysts are noticing bullish signals on the BTC price chart, suggesting a potential recovery for the pioneering cryptocurrency. However, one analyst, known for many accurate predictions, has turned bearish, anticipating another dip that could take BTC’s price down to the $72,000-$68,000 range.

Analyst Predicts Another BTC Dip

> Predicted the short at 90k
> Said 83k is coming within 48h
> After 83k, said sideways before 76k
> After 76k I said bounce and sideways
> Now after the bounce and sideways 74k
> After 74k small bounce and sideways
> Then we see a dump to 72-68k ⏳
> — Doctor Profit 🇨🇭 (@DrProfitCrypto) March 18, 2025

As illustrated in the post above, Doctor Profit, known for his accurate crypto and stock market predictions, outlines his recent forecasts. He advised traders to short BTC at $90,000, predicting a fall to $83,000 within 48 hours, followed by a sideways movement to $76,000.

So far, all of these predictions have come to fruition. Afterward, he predicted a sideways trend and a slight bounce to $74,000, which also occurred. Now, he forecasts another market dump to the $72,000 and $68,000 price range. He further elaborates on the factors contributing to his bearish expectations.

What Could Lead to a BTC Drop to $72,000 – $68,000 Prices?

> Jerome Powell’s speech will shake the markets, wake up the bulls, and bring more euphoria for the bears. Bitcoin and stocks are expected to continue declining in the upcoming weeks. Best of luck to all!
> — Doctor Profit 🇨🇭 (@DrProfitCrypto) March 18, 2025

According to Doctor Profit, he anticipates that Jerome Powell’s upcoming speech will disturb the markets, energize bullish sentiments, and increase optimism among bears. Consequently, he predicts Bitcoin and stocks will keep declining in the following weeks and wishes traders luck in navigating the market ahead.