Crypto analyst Doctor Profit believes Bitcoin’s recent recovery may be setting up a major correction rather than the start of a new bull market. According to the analyst, the rebound from around $71,000 to above $82,000 is attracting retail investors back into the market just before a potential large-scale decline. He argues that growing optimism, rising altcoin speculation, and renewed calls for six-figure Bitcoin prices are signs of overheated sentiment rather than sustainable momentum.
The analyst expects Bitcoin to peak within the $82,000 to $85,000 range before reversing sharply, with a downside target near $50,000 or lower. He claims the current setup resembles previous distribution phases where market strength encourages late buyers before a broader sell-off begins.
