Crypto analyst Doctor Profit has provided insights into what to expect from the Bitcoin price after it dropped below $70,000 over the weekend. This comes as the leading crypto continues to face pressure due to the U.S.-Iran war and volatile oil prices. 

What To Expect From The Bitcoin Price

In an X post, Doctor Profit said that he expects the Bitcoin price to move sideways between $57,000 and $87,000. The analyst noted that this sideways price action is not bullish but a preparation for what is coming in the next few months for the leading crypto. He predicts that BTC could drop to between $50,000 and $44,000 in the coming months. 

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Doctor Profit also noted that the Bitcoin price is mirroring the 2022 price action, when BTC fell 52% from its all-time high (ATH) before rising 44% from its low, then falling again. As such, the leading crypto is expected to follow the same fractal and rally to the upside in the coming months, then drop below $60,000. 

The analyst said that market psychology supports a relief bounce, as the fear and greed index is currently at an extreme level of fear. As such, the Bitcoin price could move in the opposite direction, with many expecting a decline. Doctor Profit added that before the next leg down, the market needs to create additional liquidity in the downside and take the liquidity that was built to the upside. 

The Bitcoin price, however, continues to face huge resistance at the $70,000 level, negating any sustained rally. BTC also faces pressure amid the Iran war, which continues to make oil prices volatile. The leading crypto had climbed to as high as $71,000 yesterday but sharply dropped below $70,000 following reports that Iran was moving to deploy Naval mines at the Strait of Hormuz. 

Another Local Bottom Could Form Between $57,000 and $60,000

Doctor Profit said he considers $57,000 to $60,000 the local bottom but not the macro bottom, and expects this area to be tested multiple times. The analyst described this range as where it makes sense to buy. He also believes that there is no reason to sell at the moment because upside potential remains. 

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Doctor Profit said that the largest and most aggressive long-term bets will be placed much lower between the $50,000 level and into the low $40,000. This is where the analyst plans to re-enter the market with “serious size” ahead of the next bull cycle. This is also the area he expects the Bitcoin price to form a macro bottom. 

The analyst expects the Bitcoin price to drop to the $50,000 to $40,000 range between September and October later this year. In the meantime, he predicts that BTC will continue to see a “long and boring” sideways price action. 

At the time of writing, the Bitcoin price is trading at around $69,800, down in the last 24 hours, according to data from CoinMarketCap.

Featured image from Pixabay, chart from Tradingview.com

• Dogecoin (DOGE) has turned bearish after breaking the $0.107 pivot on strong volume.
• Broader risk-off sentiment is driving heavier selling in Dogecoin.
• The $0.10 support level will likely decide the next major move.

Dogecoin has given back its recent weekend gains, reminding traders how quickly sentiment can shift in a fragile market environment.

The meme-inspired cryptocurrency has slipped sharply, with sellers stepping in aggressively after a short-lived rebound failed to hold.

At the time of writing, Dogecoin was trading near $0.102, reflecting a steep daily decline that has erased much of the gains made on Saturday and Sunday.

Short-term technical structure turns bearish

From a technical perspective, the recent sell-off marked an important shift in Dogecoin’s short-term structure.

The price has broken decisively below its 7-day simple moving average, signalling that short-term buyers had lost control.

At the same time, Dogecoin has slipped under a key daily pivot level around $0.107, a zone that had previously acted as near-term support.

This breakdown has been accompanied by elevated trading volume, which confirmed that the move lower was driven by conviction rather than thin liquidity.

Momentum indicators add weight to the bearish case, with the Relative Strength Index hovering in the mid-40s rather than oversold territory.

This positioning suggests that while Dogecoin has already fallen sharply, there is still room for additional downside if selling pressure persists.

Taken together, these signals point to a market where rallies are being sold into rather than extended.

For the bearish structure to be invalidated, Dogecoin would need to reclaim the $0.107 area on a daily closing basis.

Until that happens, the technical bias remains tilted toward the downside.

Market pressure and sector rotation add to DOGE’s weakness

Beyond individual chart patterns, broader market dynamics have also played a role in Dogecoin’s retreat.

There has been no clear Dogecoin-specific catalyst driving the move, which reinforces the idea that macro positioning is the dominant force.

Capital has been rotating away from riskier altcoins, as reflected in weakening indicators of altcoin market strength.

As a result, Dogecoin’s losses have outpaced those of Bitcoin, underscoring its vulnerability during risk-off phases.

This relative underperformance suggests that traders are prioritising capital preservation over speculative exposure.

As liquidity thins and confidence wanes, assets like Dogecoin often experience sharper drawdowns.

That backdrop makes technical support levels even more important, as they often determine whether selling accelerates or stabilises.

Key Dogecoin price levels that could shape the next move

Looking ahead, the most important level on traders’ radar is the psychological $0.10 support zone.

This area represents a critical test of demand, as buyers have previously shown interest near this price.

If Dogecoin finds strong volume support around $0.10, the market could shift into a consolidation phase.

Such a scenario would likely see the price oscillate between $0.10 and the former pivot near $0.107 as traders reassess direction.

However, a clear break and close below $0.10 would open the door to deeper losses.

In that case, the next notable support sits closer to the $0.095 region, where buyers may attempt another defence.

According to Justcryptopays on CoinMarketCap, Dogecoin is also trading within a descending diagonal structure on lower time frames.

Recent price action shows rejection near $0.115, reinforcing the importance of the downward-sloping trendline.

As long as the price remains below this trendline, downside pressure is likely to persist.

A decisive breakout above the descending trendline would be an early signal that momentum is shifting back toward the bulls.

Until such a breakout occurs, rallies are likely to face resistance rather than follow-through.