Doctor Profit, a prominent cryptocurrency trader, has warned that Bitcoin (BTC) could briefly surge into the $83,000–$87,000 range before suffering a sharp pullback.
He predicts a dramatic event that will catch both bulls and bears off guard, wiping out poorly timed positions on both sides of the market.
A Bull Trap Unfolding
In his April 27 Sunday report on X, Doctor Profit explained his strategy in detail. After holding a long position from roughly $71,000, he plans to take profits and “add more shorts to the existing 120K short position” once price reaches between $83,000 and $85,000.
He says more than 90% of his short orders are concentrated in that zone and still regards the $79,000–$84,000 area as “a great area to accumulate shorts.” At the same time, he expects the market to push past $83,000 first, which is why he shifted his entry levels higher.
Doctor Profit also identified a resistance level around $87,700—only about 3% above the $85,000 mark—as a possible extension before a larger decline. His longer-term targets remain beneath $50,000, a view he had set before the recent rebound began.
He described the mechanics driving the rally bluntly: influencers urging traders to short too early are inadvertently fueling the move higher. Their short positions get squeezed and liquidated as price climbs, setting the stage for the subsequent reversal.
“It will be a brutal event that is liquidating late bears and bulls! Both sides will lose unless you play it clever,” he wrote.
On macroeconomic matters, Doctor Profit suggested the upcoming FOMC meeting is likely to be a non-event for rates. He noted it will be Jerome Powell’s final press conference as Fed Chair, with Kevin Warsh widely discussed as a potential successor—an appointment that could open the door to rate-cut expectations as early as June or September. Despite that, Doctor Profit expressed strong skepticism that a genuinely dovish pivot will materialize.
Sentiment Swings and Divergent Analyst Views
Doctor Profit’s thesis aligns with broader sentiment dynamics currently visible in the market. On-chain analytics provider Santiment tracked a rapid swing from “extreme pessimism” at the start of last week to what it called “ultra FOMO mode” by April 23, after Bitcoin recovered above $78,000. Santiment flagged that sudden surge of enthusiasm as a cautionary indicator rather than a confirmation to buy.
Analyst opinions vary widely on Bitcoin’s next move. On April 26, Ali Martinez suggested $96,000 could be the next major resistance level after BTC reclaimed the $73,700 MVRV band, while cautioning that a break below that area might lead prices down toward $55,000.
Another analyst, EGRAG CRYPTO, sets a worst-case target near the same $55,000 level but also laid out a scenario that would lead to a new all-time high if Bitcoin reclaims $90,000.
Michaël van de Poppe has said that a decisive breakout above the $84,000–$87,000 band would be sufficient for him to declare the bear market over, and his most bullish projection envisions Bitcoin reaching $100,000.
In short, the market is showing conflicting signals: strong bullish momentum and elevated crowd optimism on one hand, and concentrated short interest and warnings of an imminent reversal on the other. Traders and investors should weigh those dynamics carefully and manage risk accordingly.