Bitcoin's price is edging closer to the $70,000 mark, currently trading around $72,000, as market sentiment turns bearish. Renowned crypto analyst Doctor Profit forecasts a further decline, anticipating Bitcoin to drop to $60,000 soon. This comes after Bitcoin reached a high of approximately $85,000 before beginning its descent. Doctor Profit, known for his accurate market predictions, shared insights suggesting that Bitcoin is entering the final stages of a bear market. He expects the price to eventually bottom out between $40,000 and $50,000 by September or October 2026. The analyst warns of potential forced selling and market panic as Bitcoin breaks below $60,000, marking the transition into a capitulation phase.