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Bitcoin (BTC) price continues to trade near the $90,000 level after a quiet and weak week, but shows no apparent ability to break above the $100,000 mark.
This performance prompted the analyst known as “Dr. Profit” to warn that the currency could fall to the $70,000 area, given that the Fed’s sudden massive injection of liquidity is a worrying signal for all riskier assets.
Bitcoin prices have remained almost unchanged over the past seven days, trading near $90,300, neither up nor down more than 2%.
According to recent data, the price was trading within a narrow range between support near $89,300 and higher resistance at $94,400.
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He added that he would not heavily strengthen these positions unless prices rise to the $97-107,000 range, which is the last chance before further declines.
In contrast, other traders monitor sensitive technical levels.
The “crypto giant” noted that Bitcoin prices have recently rebounded on the back of the “Ichimoku Cloud” and warned that a break in this structure could send prices back to lower territory.
Axel Adler Jr also noted that the $79,000 level could prove to be a tough test for Bitcoin holders in the long term if selling pressure escalates.
But the most prominent warning came from analyst “Dr. Profit,” who highlighted the emergency lending operations implemented by the Federal Reserve this week, injecting more than $106 billion in short-term liquidity into banks.
He believes that this measure reflects financial tensions, similar to the trend in 2008, which may put pressure on speculative assets.
Nonetheless, Adler believes that the current decline is still historically limited, as it is equivalent to about 29% of the previous peak, which is much lower than the 70% to 90% decline recorded by Bitcoin in previous bearish cycles.
Between optimism and caution, the direction of the upcoming move remains tied to technical structural reforms and the return of liquidity to the market.
Also read:
First DeFi attack of 2026: “Truebit” was hacked and $26.5 million worth was stolen.
CryptoQuant CEO: Bitcoin is entering a dull consolidation phase after flows stopped
