Bitcoin Price Prediction: Analyst Suggests Six Figures First, More Pain Later

Bitcoin is expected to rise 20% in the short term, but there is a catch.

Amid the ongoing downward pressure, one prominent analyst believes Bitcoin could revisit the $97,000-$107,000 zone before a deeper correction takes place.

Bitcoin’s next step

Crypto market analyst Doctor Profit said he expects Bitcoin to stage a near-term recovery before resuming a broader bearish trend as he warned traders to remain very cautious. The analyst said he is buying back BTC around the $86,000 level for tactical trading in a possible relief rally in the coming weeks.

According to him, there is a reasonable probability that BTC could revisit the $97,000 to $107,000 range before the next major leg lower begins. He described this as an upside move of roughly 20% from current levels, presenting a favorable risk-reward opportunity if managed with strict discipline.

However, the analyst admitted that his overall outlook remains firmly bearish and said the trade is short-term only, which will be executed with what he calls the highest level of risk management. This involves placing an entry-level stop loss once the position moves to solid profits. Doctor Profit also noted that its existing short positions, opened in the $115,000 to $125,000 range, remain fully active and unchanged.

He warned that BTC remains extremely unstable and vulnerable to sharp downward moves, while adding that a deeper and faster sell-off could occur at any time, even before the price reaches the $97,000-$107,000 zone. As a result, he said buying at current levels should be approached with extreme caution. Any upside represents distribution and liquidity for the next decline, while the $70,000 region is still clearly in focus as the main downside target.

Conflicting targets for 2026

Recently, another pseudonymous analyst, Mr. Wall Street, warned that BTC could undergo a deeper correction after a brief bounce towards $100,000. He even predicted a deeper decline to $54,000-$60,000 in the fourth quarter of 2026. He’s not alone.

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Some of Wall Street’s biggest Bitcoin bulls have lowered their price targets. While their long-term optimism remains, expectations have become more cautious. Standard Chartered recently halved its Bitcoin forecast and is now targeting $150,000 by the end of 2026. Bernstein analysts also reiterated the revision, predicting $150,000 by the end of 2026.

On the other hand, analyst Wise Crypto not long ago predicted that easing US monetary policy, improving liquidity, and political tailwinds could create a major upside, and that crypto assets could eventually soar to the $300,000-$600,000 range next year, even if the current state of the market disagrees.