Bitcoin Faces Extended Sideways Action Before Major Drop

• Bitcoin trades sideways now; Doctor Profit expects a bigger drop later toward $44k–$50k.
• Spot buys at $57k–$60k target short-term gains, while long-term shorts stay open.
• Sideways phase could reach $87k temporarily, offering trading opportunities before the next major dip.

Bitcoin traders are bracing for a prolonged period of sideways movement as the cryptocurrency consolidates between $57,000 and $87,000. According to crypto analyst Doctor Profit, this phase is not bullish but a preparation for a significant decline toward the $44,000–$50,000 range.

He emphasizes that the current consolidation resembles the 2024 price box, where Bitcoin spent an entire year trading between $58,000 and $74,000 before surging to $100,000. Hence, he sees the present structure as a key reference for the upcoming bear market.

Doctor Profit explained, “Bitcoin is currently trading in a zone where it previously consolidated for an entire year before breaking higher toward 100k. In a bear market context, this same zone is not support, it is structure, and structure eventually breaks.”

He believes that after the sideways phase has been completed, the market will have a higher probability of breakdown below the box. Thus, traders may begin preparing themselves for volatility during the next few months by trying to profit from minor bounces along the way.

Current Strategy and Price Logic

The analyst is buying spot Bitcoin between $57,000 and $60,000, labeling this area as a local bottom, not the macro bottom. He stated, “I buy 57k–60k for percentage gains, not for the long-term plan.” Meanwhile, he still holds an aggressive short position that was established between $115,000 and $125,000.

Additionally, he expects to see the lower end of the current range to be tested by Bitcoin several times, which is the reason to hold spot buys and shorts. Furthermore, he highlights that the 87,000 level is the highest that the market can go, depending on its strength and how long it can sustain.