Doctor Profit, a popular figure in the crypto analysis community, suggests that Bitcoin is currently exhibiting a "bear flag" pattern.
By Omkar Godbole|Edited by Sheldon Reback Jun 22, 2026, 9:19 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on (sergeitokmakov/Pixabay)SummaryShow- Doctor Profit, a well-known crypto analyst, has indicated that Bitcoin is showing a "bear flag" pattern.
- A potential breakdown from this formation could lead to a decline in Bitcoin's price, starting at around $54,000–$56,000 and possibly dropping to $40,000–$50,000.
- However, interpretations of chart patterns can be subjective and may not always hold true.
With a hawkish Federal Reserve, increasing bond yields, and issues surrounding MicroStrategy (MSTR), Bitcoin BTC$64,057.79 faces several challenges. Additionally, a concerning chart pattern is contributing to the uncertainty.
This pattern, known as a bear flag, could result in Bitcoin's price falling to approximately $54,000 initially, according to the pseudonymous trader Doctor Profit, who previously predicted BTC's peak at $126,000 and the selloff that followed.
"Bitcoin is currently creating a significant bearish flag on the daily chart," the trader noted on X. "I anticipate a drop to the 54-56k range before a sideways movement and then potentially another decline, with the bottom likely between 40-50k in my view."
On a chart, the bear flag pattern resembles an upside-down flag on a pole. It occurs when an asset experiences a sharp decline followed by a relief bounce. The initial drop is the pole, while the bounce is the flag. A fall below the flag's lower boundary typically intensifies the selloff, mirroring the initial drop's magnitude.
Doctor Profit's analysis considers Bitcoin's decline from the May peak of $82,000 to below $60,000 by June 5 as the pole, with the recent rise to $68,000 acting as the flag.
BTC's bear flag by Doctor Profit. (X, @DrProfitCrypto)It's important to note that chart patterns are not definitive. Different analysts may interpret the same chart in various ways. While bear flags may lead to breakdowns, they can also fail, allowing prices to rally instead.
That said, recent activity in the options market supports Doctor Profit's analysis. Last week, traders purchased put options, indicating expectations for a price drop to around $52,000 in the near term.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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