Bitcoin (BTC) has been trading consistently above $90,000 amid growing tensions between US President Donald Trump and Federal Reserve Chairman Jerome Powell, as well as geopolitical instability.

However, the cryptocurrency is now facing a bearish setup that could push its price down to $70,000.

Three Bearish Trends

Crypto analyst Doctor Profit warned that Bitcoin is likely to drop to the $70,000 mark, even if a short-term rally occurs first. He indicates that BTC is currently forming three bearish patterns over higher timeframes which increase the risk of a significant downturn.

The first bearish indicator is a major divergence present in the weekly and monthly charts, signalling a loss of momentum despite high prices. The second indicator is a bearish flag formation, which the analyst says targets the $70,000 area directly. Lastly, a potential head-and-shoulders formation remains intact and could complete before any substantial sell-off.

Doctor Profit mentioned that an upward movement might happen soon because there is considerable liquidity in the range of $97,000 to $107,000, which is likely to attract prices temporarily. Still, this increase would not alter the overall bearish trend. He outlines two potential scenarios for reaching $70,000: Bitcoin may drop directly from the bearish flag or complete the head-and-shoulders pattern prior to declining. Although the timing is uncertain, the downside target remains constant.

He also pointed out considerable insider selling, which has been consistent since August 2025. Doctor Profit noted that the scale of this selling activity is unprecedented during his monitoring period and has persisted without relenting in recent weeks. This behavior suggests rising stress in the market and aligns with the current financial pressures.

The strain within the banking sector and forced liquidations linked to fluctuations in the silver market contribute to an unstable macroeconomic environment. Comparing the current conditions with those preceding major market crashes, risks appear to be escalating across multiple asset classes.

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Looking forward, key events such as US CPI inflation data and the January 15 vote on the CLARITY Act may influence short-term price movements, though these are unlikely to change BTC’s overarching bearish outlook.

Divergent Institutional Predictions

Not all analysts share a pessimistic outlook for Bitcoin. For example, VanEck recently forecasted that BTC could be valued at nearly $2.9 million by 2050 under a base-case scenario. This prediction rests on the premise that Bitcoin will evolve into a non-sovereign monetary asset, capturing 5% to 10% of global trade settlements and constituting approximately 2.5% of central bank reserves.

In such a scenario, the asset manager expects Bitcoin to demonstrate a compound annual growth rate of around 15% from 2026 to 2050.