Doctor Profit Says Bitcoin in Stage 4 on Feb 23, 2026; Roadmap Eyes $35K–$45K

On 23 February 2026, crypto analyst Doctor Profit said Bitcoin has shifted into Stage 4 of a six‑phase bear‑market framework after dropping from an October 2025 peak near $125,000–$126,000 to about $60,000. The roadmap outlines range‑bound fatigue now and a possible Stage 5 capitulation toward $35,000–$45,000, with a durable uptrend not expected until late 2026 or 2027.