Reputed crypto analyst Doctor Profit has issued a warning about Bitcoin’s future price, suggesting the cryptocurrency is currently situated near a crucial support level. His analysis reveals that Bitcoin’s price has consistently bounced above this historic support point since the start of the bull market in March 2023, with no previous drop below the line. However, he cautions that if this level falls, it could mark the beginning of a larger bear market. He predicts that Bitcoin might even reach $60,000 before entering a full-fledged bear market, based on his long-standing predictions about BTC’s price movement. While Doctor Profit has historically bought Bitcoin at the Golden Line support point during previous bull markets, he now claims not to be buying at this level. He believes that breaking below this support level could trigger a downward trend, leading to a potential decline in Bitcoin’s value to $60,000 or even lower. The analyst highlights the presence of a large liquidity cluster around $116,000 – $117,000, suggesting potential price manipulation moves before a significant drop. He anticipates that market makers will use this tactic to build liquidity downwards and further influence prices.