{"id":77262,"date":"2026-03-23T08:03:11","date_gmt":"2026-03-23T08:03:11","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=77262"},"modified":"2026-03-23T08:03:11","modified_gmt":"2026-03-23T08:03:11","slug":"worse-than-covid-why-one-analyst-believes-bitcoin-is-on-the-verge-of-a-historic-crash","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=77262","title":{"rendered":"Worse Than COVID? Why One Analyst Believes Bitcoin Is on the Verge of a Historic Crash"},"content":{"rendered":"
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Escalating conflict in the Middle East is weighing on global financial markets. Bitcoin is also facing renewed concerns of a potential historic downturn, and market participants appear to be bracing for a deeper correction across risk assets.<\/p>\n

The latest warning comes as the asset continues to show signs of weakness after having declined over the weekend and slipping below $68,000 on Monday.<\/p>\n

Risks of Historic Crash<\/h2>\n

Popular analyst Doctor Profit predicted<\/a> that Bitcoin could suffer a crash worse than that of the March 12-13, 2020 \u2018Black Thursday,\u2019 when the crypto asset plunged<\/a> by more than 50% in a single day from around $8,000 to nearly $3,750 amid a broader global market sell-off triggered by COVID-19 panic.<\/p>\n

Ongoing price action also reflects similar pressure, as Bitcoin trades more than 46% below its all-time high recorded last year.<\/p>\n

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\u201cPrepare for a historic CRASH. Much worse than COVID crash. Stocks, BTC, all of assets. You have been warned\u201d<\/p>\n<\/blockquote>\n

The forecast comes a few hours after his Sunday report, wherein Doctor Profit reiterated<\/a> his previous stance that BTC\u2019s price action remains stuck in a broader bearish trajectory.<\/p>\n

Deeper Trouble Ahead<\/h2>\n

He explained<\/a> that the asset has been consolidating between the range of $57,000 and $87,000 after its earlier decline from the $115,000-$125,000 region to $60,000. Within this structure, the recent move to $76,000 followed by a sharp drop below $68,000 was identified as a bullish trap ahead of further downside. The analyst flagged the $79,000-$84,000 zone as a major resistance and liquidity area where additional short positions could be deployed.<\/p>\n

Currently, Bitcoin lacks clear directional strength in the near term, which has contributed to ongoing sideways movement, but the broader structure continues to point toward another leg lower, which could see a move back toward the $57,000-$60,000 range. Short-term upward movements are seen as liquidity-driven attempts to push prices higher before continuation to the downside.<\/p>\n

While he did not rule out temporary upward price movements, these are treated as opportunities to increase bearish exposure rather than signs of trend reversal.<\/p>\n

Doctor Profit said that macro conditions such as delayed expectations for interest rate cuts, rising inflation indicators, and increasing liquidity stress are crucial factors driving the risk-off environment.<\/p>\n

The post Worse Than COVID? Why One Analyst Believes Bitcoin Is on the Verge of a Historic Crash<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Escalating conflict in the Middle East is weighing on global financial markets. Bitcoin is also facing renewed concerns of a potential historic downturn, and market participants appear to be bracing for a deeper correction across risk assets. The latest warning comes as the asset continues to show signs of weakness after having declined over the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-77262","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77262"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77262\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}