Bitcoin analyst Doctor Profit has set a new $94,000 price target after closing his short position at $80,600 and buying more spot BTC, ruling out a further drop to $79,000 in the process. Meanwhile, fellow analyst Darkfost identified the $84,000–$85,000 range as Bitcoin's largest distribution cluster and noted that 53% of the capital invested in the asset sits above $83,000. Both analysts highlighted price levels they believe could shape Bitcoin's next move.

Doctor Profit Targets $94,000 After Closing His Short

Doctor Profit, who said he initially bought Bitcoin at $60,000, had previously set an $88,000 target for the asset. He identified $82,500 as the level that would confirm the end of the bear market, which he expected to be followed by a quick move toward $88,000.

After Bitcoin reached that target area, the analyst opened a short position — a trade designed to profit from falling prices — at around $86,200 and placed additional short orders between $86,500 and $89,500, expecting a correction within the broader bull market. Bitcoin subsequently fell to $80,300.

Doctor Profit then closed his entire short position at $80,600, realized profits on the trade, and bought more spot Bitcoin at the same price. He cited bearish divergences in the daily RSI, MACD/PPO, and MFI indicators, alongside weakening trend strength shown by the ADX. RSI, MACD/PPO, and MFI are momentum and money-flow indicators, while the ADX measures how strongly a trend is advancing. Despite those bearish signals, he said he no longer expects Bitcoin to fall to $79,000.

Darkfost Identifies Bitcoin's $85,000 Resistance Zone

Darkfost reported that 53% of the capital invested in Bitcoin entered the market above $83,000. According to the analyst, this means buyers stepping in at that price would be positioned below the entry levels of more than half of all investors.

Darkfost identified the $84,000–$85,000 range as Bitcoin's largest distribution cluster — a price range where a large share of investors' entry levels is concentrated. He said investors frequently react around this zone, making it a key level that Bitcoin needs to break through.

Below the current price area, Darkfost highlighted $79,000–$77,000 as a potential support range. His analysis places this zone just below the $80,300 low recorded during the latest correction.

Bitcoin Needs to Reclaim the $86,000–$89,500 Zone

According to Doctor Profit, Bitcoin must recover the region where he accumulated his short position in order to reach his $94,000 target. He expects spot demand to emerge around $86,000 and accumulation to take place between $86,000 and $89,000, rather than renewed selling. In his view, this shift could turn the zone's character from resistance into support. That zone sits directly above Darkfost's $84,000–$85,000 cluster, placing the two analysts' key levels side by side just overhead.

Doctor Profit also noted that he shared his short-position closure update on X two hours later, by which time Bitcoin had already climbed to $82,000.