Analyst Predicts Bitcoin to Drop to $70K–$75K Target
- Short Position Strategy: Analyst Doctor Profit initiated short positions between $115,000 and $125,000 in August 2025, which were triggered in September and October, leading to a rapid decline towards $80,000, indicating persistent selling pressure at higher levels.
- Defined Price Target: The current analysis identifies the next major downside target for Bitcoin as the $70,000–$75,000 range, positioned well below the recent consolidation area, reflecting market expectations for further declines if conditions remain unchanged.
- Risk Management Approach: Despite maintaining short positions, the analyst holds a spot Bitcoin position from $85,000 with a stop-loss at the entry price, demonstrating a strategy that balances bearish exposure with risk control to optimize capital management.
- Market Sentiment Analysis: Recent price action has remained compressed below former highs, aligning with the analyst's expectation for consolidation, which shows market resistance to upward movements and may continue to draw investor attention to lower target zones.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0686 | 0.0777 | 0.0855 | 0.0946 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.0751 | 0.079 | 0.0855 | 0.0919 | 0.0959 | 0.102 |
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