This crypto analyst, known as Doctor Profit, correctly predicted Bitcoin’s crash from $97,000. Now, he’s shared a new forecast, and it’s not so bullish.
The Market Massacre Has Begun
Doctor Profit believes Bitcoin’s recent price drops are just the beginning of a significant correction. He calls it a “market massacre,” and he’s not expecting a quick turnaround. He’s already started buying Bitcoin, placing his first orders between $58,000 and $68,000, suggesting he anticipates further price declines. This isn’t a change of heart; it aligns with his earlier, detailed analysis.
Understanding the M2 Money Supply
Doctor Profit’s analysis centers on the M2 money supply, a macroeconomic indicator he says many in the crypto world misunderstand. While some see rising M2 as automatically bullish for Bitcoin (more money = higher prices), Doctor Profit emphasizes that timing is crucial. He notes Bitcoin often anticipates
changes in traditional markets related to M2, but the reaction isn’t immediate.
He points to his successful July 2024 prediction of a 50bps rate cut (which many doubted at the time). This cut, coupled with Bitcoin’s price around $50,000, led to a major rally as the M2 money supply started expanding in February 2025. However, he cautions that the current M2 increase won’t instantly boost Bitcoin’s price.
What’s Next for Bitcoin?
Doctor Profit is focusing on the $70,000-$74,000 range. A strong daily close above the “Golden Line” (around the weekly EMA50) could signal a new upward trend. However, a break below this line suggests a deeper drop. If things get really rough, he advises waiting for even lower entry points around $50,000-$60,000.
He doesn’t expect a new bull run until around May or June, with potential price targets of $120,000 to $140,000. It’s worth noting that at the time of writing, Bitcoin briefly surged past $82,000 following news of a tariff pause.
