Bitcoin’s Bear Market: Brace Yourself for a Long, Cold Winter! 🐻❄️

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Well, folks, it’s Christmas and Bitcoin (BTC) is trading as flat as my Aunt Linda’s holiday fruitcake. 🎂🎄 With everyone feeling more cautious than a cat on a hot tin roof, institutional participation is about as lively as a sloth in a hammock. Experts are predicting some serious pain ahead, and not the good kind that comes from too much eggnog. 🍹😬

Enter Dr. Profit-yes, that’s his actual name-who thinks Bitcoin might hit rock bottom sometime between September and October 2026. Talk about a long wait! At this rate, I might just grow old and gray waiting for that bottom to drop. 👵⏳

Long Bear Market for Bitcoin

In a recent tweet that I can only assume was written while he was sitting in his pajamas, Dr. Profit declared that he’s moved all his remaining USDT back into the banking system. That’s right, folks! He’s holding no liquid crypto assets because apparently, staying liquid in this market is like trying to find a unicorn in a haystack. 🦄💸

He also spilled the tea on his biggest positions-a BTC short from the $115,000-$125,000 range and a medium-sized BTC stash bought around $85,000. He’s hoping to catch a quick upswing toward $107,000 before the next inevitable nosedive in February-March. Honestly, it sounds more like a game of crypto hopscotch at this point. 🥴📉

Currently, Bitcoin is trading at $89,259 after a dazzling 2% daily gain. Wow! A whole two percent! 🎉 But let’s not get too excited; it’s still stuck below those crucial resistance levels, looking about as hopeful as I do when I wear my high school prom dress. According to CryptoQuant, $100,000 is the big boss level for BTC, mainly because that’s where the whale investors and Binance users have set up camp. 🐋⚓

Speaking of whales, new ones who have held Bitcoin for less than 155 days are averaging a cost basis of around $100,500. That means they’re at a critical break-even point, where any profit-taking could send prices tumbling faster than my New Year’s resolutions. On the flip side, Binance users are averaging around $56,000, which offers some support, if we’re lucky enough to avoid an extended bear phase. 🙏🐻

$40K Drop Risk

And if you thought that was all, hold onto your hats! Analyst Ali Martinez recently pointed out that Bitcoin has been behaving badly around the 50-week simple moving average (SMA). According to past cycles, losing this level typically leads to an average decline of about 54%. 🎢

If that trend holds, we could be looking at a potential plunge toward $40,000. Yes, you heard that right! The analyst didn’t call for an immediate selloff, but he did warn that failing to reclaim this level could expose Bitcoin to more downside pressure than my last relationship. 💔📉

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2025-12-26 13:10