Bitcoin price could climb toward $83,000 to $87,000 before a sharp reversal, according to trader Doctor Profit. He outlined plans to close longs and expand short exposure within that upper range. He warned that a rapid move could liquidate both late bulls and bears.
Doctor Profit said he expects Bitcoin to extend gains before a larger drop unfolds. He stated he feels certain the market will move past $83,000 before reversing. He shifted most short entries higher to match that expectation.
He reported that more than 90% of his short orders sit between $83,000 and $85,000. He still views $79,000 to $84,000 as a strong short accumulation zone. He identified $87,700 as resistance, about 3% above $85,000.
He explained that he rode a long position from $71,000 during the recent recovery. He now plans to take profits and add to an existing $120,000 short position. He kept long-term downside targets below $50,000 in his plan.
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TA / LCA / Psychological Breakdown: First of all, I want to thank everyone for the DMs I have received in recent days. I understand the great profit we made and continue to make, as the long from 71k has… pic.twitter.com/brEzKRitsg
— Doctor Profit
(@DrProfitCrypto) April 26, 2026
He wrote on X that the coming move will be a “brutal event.” He added that it will liquidate late bears and bulls. He said, “Both sides will lose unless you play it clever.”
Doctor Profit addressed macro conditions tied to the upcoming FOMC meeting. He expects no rate change but flagged Jerome Powell’s final press conference as Chair. He said Kevin Warsh is widely expected to succeed Powell.
He suggested that rate cuts could enter discussion for June or September. However, he said he highly doubts that a dovish pivot will materialize. He did not alter his trading plan based on that outlook.
On-chain firm Santiment tracked a sharp sentiment shift last week. It observed extreme pessimism early in the week. It then recorded “ultra FOMO mode” by Thursday, April 23.
Santiment reported that Bitcoin price recovered above $78,000 during that swing. It described the crowd’s enthusiasm as a “clear caution signal.” The firm framed the sentiment spike as a warning rather than confirmation.
Ali Martinez outlined $96,000 as the next resistance after Bitcoin reclaimed the $73,700 MVRV band. He warned that a break below that level could send the price toward $55,000. EGRAG CRYPTO also set $55,000 as a worst-case target.
EGRAG CRYPTO mapped a path to a new all-time high if Bitcoin reclaims $90,000. Michaël van de Poppe said a breakout above $84,000 to $87,000 would end the bear market. He placed $100,000 as his most bullish scenario.
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