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Renowned Trader: Bitcoin Will Not Drop Below $50,000, Patiently Awaits October FOMO Rally
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BlockBeats News, July 20th, Doctor Profit (@DrProfitCrypto) stated today that the general public widely expects Bitcoin to bottom out in September-October due to the four-year cycle. This consensus will serve as a contrarian signal, indicating that the traditional view of a bottom may not materialize, and the probability of Bitcoin falling below $50,000 is low.

Doctor Profit has already deployed all of his short position profits to buy Bitcoin at around $64,000 and plans to gradually accumulate funds daily in the $54,000 to $64,000 range, while balancing his position by allocating funds in a 4:1 BTC:ETH ratio.

Doctor Profit emphasized upcoming institutional events such as the October launch of the BlackRock tokenization platform and the potential regulatory clarity act in August, which will bring a 24-hour stock trading and blockchain legitimization narrative, potentially triggering FOMO early and driving up prices.

Doctor Profit is a Swiss cryptocurrency elite trader with nearly 500,000 followers on Platform X, known for his psychological analysis, Bitcoin, and stock trading. He successfully shorted Bitcoin near $120,000 in September 2025 and recently closed all short positions for Bitcoin and over 100 altcoins, shifting to a spot accumulation strategy.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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