Bitcoin after $125,000: Doctor Profit's forecast on correction to $60,000

Renowned crypto analyst Doctor Profit, better known in the community as dr profit crypto, highlights the current Bitcoin consolidation phase as a critical point in the cycle. After the asset reached a peak of $125,000, a significant revaluation by major market players began.

Price benchmarks and bearish scenario

Doctor Profit has indicated a correction point at $60,000, viewing this not as a one-time drop but as a multi-stage downward movement. The analyst has previously demonstrated the accuracy of his analyses, predicting the 2021 peak around $68,000 and correctly identifying the top of the current bullish cycle at $125,000.

Current market condition

Recent weeks have shown significant volatility: Bitcoin lost 8.4% of its value in one day and over 17% in two weeks of trading. Such dynamics indicate active redistribution of positions among market participants.

On-chain signals reinforce bearish consensus

Blockchain data provide additional confirmation of Doctor Profit’s scenario. Major investment funds, including Grayscale and BlackRock, are showing substantial capital outflows. A particularly notable event occurred on November 20, when over $3 billion in Bitcoin was moved to exchange addresses in just 45 minutes — a clear sign of position liquidation preparation.

This activity by institutional players often precedes corrective movements, making Doctor Profit’s forecast of testing the $60,000 level technically justified and worthy of traders’ attention.