Bitcoin price briefly touched $87,000 today before retreating to approximately $85,300 at press time, giving traders another reason to reassess BTC’s remarkable recovery from its recent lows.
The rally has prompted two prominent analysts to take notably different positions. CryptoCon, who had maintained that Bitcoin’s bear market was not finished, has publicly admitted that his outlook was wrong. Meanwhile, Doctor Profit says he opened a substantial short position at $86,200, targeting a correction toward $79,000.
Neither analyst is declaring that Bitcoin must enter a new bear market. Instead, their comments reveal a market at an important crossroads: one analyst is reconsidering his cycle expectations, while the other is preparing for a possible pullback within a potentially bullish trend.
What you'll learn 👉
CryptoCon Admits His Bitcoin Bear Market Prediction Was Wrong
CryptoCon has been vocal about his expectation that Bitcoin’s bear market would continue, with a potential cycle low arriving between November and January.
However, the latest rally has forced him to reconsider.
In a candid X post, the analyst acknowledged that he was wrong about the bear market continuing and missed the opportunity to buy Bitcoin around $60,000. He explained that he had placed too much emphasis on traditional cycle timing, even as several indicators in his own system were pointing toward a possible bottom and the beginning of a new bull market.
His accompanying chart explains why he is changing his outlook.
The chart traces Bitcoin’s market structure from its previous highs around $124,000 and $126,000 through a series of declining peaks and troughs. Following the earlier highs, BTC formed lower highs near $116,000 and $98,000, while its subsequent declines produced lows around $80,000, $60,000 and $58,000.
That sequence established the downtrend CryptoCon had been following.
The latest recovery has changed the picture. After finding a low near $58,000, Bitcoin climbed back toward a major resistance zone around $80,000–$83,000.
That area was particularly important because the previous rebound had stalled near $83,000 in May. By advancing to $87,000, Bitcoin has moved above that former lower high.
CryptoCon’s chart marks the new $87,000 peak in green, indicating a potential higher high. It is the first major sign in this sequence that the previous pattern of declining peaks may be breaking down.
However, a higher high alone does not guarantee a sustained uptrend. Bitcoin would still need to establish a higher low during a subsequent pullback to strengthen the bullish market-structure argument.
CryptoCon now believes the market looks well positioned to confirm a trend reversal, although he is not rushing to buy.
He remains on the sidelines and says he will wait for a better entry. He also acknowledged that his hope for a November–January cycle low is increasingly difficult to reconcile with the current market structure.
In other words, CryptoCon is no longer defending his previous bearish forecast, but he has not become an aggressive buyer at $85,000 either.
Doctor Profit Opens a Big Bitcoin Short at $86,200
CryptoCon is reconsidering his bearish outlook, but Doctor Profit is actively positioning for a near-term correction.
The analyst announced that he opened a short position at $86,200, with $79,000 as his first target.
He argued that market sentiment has changed considerably since Bitcoin traded near $60,000. Traders who previously expected another major decline are now becoming more optimistic after the rally toward $87,000.
Doctor Profit believes that change in sentiment could create an opportunity for a pullback.
$BTC – I’m shorting big at $86,200
— Doctor Profit 🇨🇭 (@DrProfitCrypto) September 22, 2026
Everyone expected the bottom in October. Then Bitcoin rallied from $60K to $87K, and suddenly everyone started FOMO buying, we can agree that today almost everyone who missed out, entered into the market. Now hardly anyone expects an October…
His trade is built around Bitcoin’s 50-week moving average, which he previously identified as an important indicator for determining whether the market had entered a new bullish phase.
Bitcoin recently reclaimed that moving average, a development Doctor Profit interpreted as a bull-market signal.
Now, he wants to see whether BTC can successfully retest the indicator from above.
His plan has two possible outcomes. If the 50-week moving average holds as support, he intends to consider taking profits on his short and using the proceeds to buy additional Bitcoin and Ethereum. If it fails, he may keep the short open and pursue lower price targets.
Importantly, Doctor Profit says he has not sold his spot Bitcoin positions purchased around $60,000.
His short is therefore a tactical bet on a correction rather than a complete reversal of his longer-term bullish position. His claims about his positions and entry prices are self-reported.
| Key question | CryptoCon | Doctor Profit |
|---|---|---|
| Current outlook | Acknowledges his previous bearish forecast was wrong | Expects a near-term correction |
| Current position | Remains on the sidelines in crypto | Reports holding spot BTC and a new short |
| What they’re waiting for | A better buying opportunity and confirmation of a new uptrend | A retest of the 50-week moving average |
| What could change their approach? | Further evidence that Bitcoin has established a bullish market structure | Whether the moving average holds or fails as support |
| Longer-term stance | Reassessing his cycle expectations | Maintains his existing spot exposure |
Where Could Bitcoin Price Go Next?
The two analysts’ views put several technical levels in focus.
From the reported $85,300 price, a decline to $79,000 would represent approximately 7.4% downside. Such a move would not automatically invalidate the broader recovery.
In fact, a successful retest of the $79,000–$83,000 region could help establish the higher low that CryptoCon’s chart still needs for a more convincing bullish reversal.
A decisive break below the 50-week moving average would present a different picture, weakening Doctor Profit’s bullish support thesis and potentially opening the door to a deeper correction.
Conversely, if Bitcoin holds above its former resistance and breaks convincingly beyond $87,000, the case for an immediate decline toward $79,000 would become less compelling.
The key distinction is that CryptoCon and Doctor Profit are not making identical bearish predictions. CryptoCon has conceded that his previous bear-market outlook was wrong but wants a better buying opportunity. Doctor Profit sees a possible short-term correction while maintaining his longer-term spot exposure.
After Bitcoin’s powerful recovery, the next pullback (or the absence of one) could provide the clearest evidence yet of whether the market has established a durable new uptrend.
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