Doctor Profit believes bitcoin’s near-term trajectory is a deep correction, not continued upside.
Prominent crypto analyst Doctor Profit believes that the current bitcoin (BTC) recovery is a classic “bull trap” that could lure retail investors before a sharp decline.
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In his view, BTC▼$63,201.00’s price will soon reach the $82,000-85,000 zone, where he recommends opening short positions. His correction target is below $50,000.
At the time of writing on May 12, bitcoin trades at approximately $80,800. The asset has shown no significant movement over the past 24 hours.
Doctor Profit’s Plan
The analyst stated that he will allocate 10% of his trading capital daily to open shorts in the indicated range. According to him, this approach minimizes risk and allows him to gradually build a position.
“This is a beautiful trap to gather as many retail buyers as possible before the next downward movement,” Doctor Profit wrote.
He reminded his followers that he publicly warned back in February 2026 about a recovery to $79,000-85,000 followed by a reversal.
Read more: Bitcoin Holds Above Key Levels as Analysts Confirm Bullish Momentum Remains Intact
The Broader Crypto Market on May 12
In his view, the current market optimism only confirms his thesis. Fear has faded, FOMO has returned, and many have started buying again.
Other experts are more positive. Some technical analysts compare BTC’s current structure to Google’s stock behavior and expect further upside once bitcoin confirms above its 200-day moving average.
What’s Next for BTC Price?
Doctor Profit admits that sentiment could become even more bullish in the coming weeks, making life harder for short sellers. However, he is confident that once buying pressure is exhausted, a serious correction will begin.
Learn more: Bitcoin Price Perspectives in May 2026 — Will BTC Surge to $100,000?
