Bitcoin Bear Market Holds as Analyst Sees a Price Drop to 50K

• Bitcoin shows a relief rally within a broader downtrend, with resistance near 79K–85K and downside risk toward lower support zones.
• Analyst outlines layered short positions near resistance while keeping conditional longs near 70K amid ongoing market volatility.
• Futures-driven price action and SP500 correlation suggest weak spot demand, increasing risk of a deeper correction toward 50K.

Bitcoin remains under bearish pressure despite a recent rebound, according to analyst Doctor Profit, who shared his outlook in April 2026. He stated the current move reflects a relief rally within a broader downtrend. The analysis outlines key price zones, trading positions, and expected volatility based on recent market behavior.

Relief Rally Within Broader Downtrend

Doctor Profit said Bitcoin continues to trade inside a bearish structure despite recent upward movement. He referenced the 2022 cycle, where price rebounded 45% before dropping sharply again. That historical move, he noted, shows the current setup now happening.

He added that Bitcoin moved within a predefined range shared in February 2026. Price now approaches a region previously marked for potential short positions. Meanwhile, he confirmed holding long positions from 71K, targeting the 79K to 84K zone.

Long and Short Positioning

As price approaches resistance, Doctor Profit outlined updated order placement across multiple levels. He detailed a scaled short strategy between 79,250 and 85,000 using leveraged capital distribution. Larger allocations concentrate near the 84K to 85K range.

Meanwhile, he placed conditional Bitcoin long orders near 70K. These orders remain active unless price first reaches the 79K to 84K target zone. He also explained that his existing long positions will close gradually using similar allocation methods.

Futures Activity and SP500 Link 

Doctor Profit pointed to futures-driven volume as a key factor behind recent Bitcoin price increases. He stated that rising prices appear supported by derivatives rather than spot demand. This structure, he said, reflects how market participants position for short-term moves.

Alongside Bitcoin, he also tracks the SP500 closely. He confirmed opening short positions at 6400, 6800, and 6900 levels. He plans to add further shorts, expecting a broader market move to influence Bitcoin’s next phase.

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