Analyst Doctor Profit starts scaling into BTC, says $40K-$50K bottom may not come

Crypto analyst Doctor Profit, who has about 500,000 followers on X, said via the platform that Bitcoin’s traditional four-year cycle bottom may not appear in this cycle and Doctor Profit has started buying gradually from current levels. Doctor Profit said most investors recently expected a September-October low in the $40,000-$50,000 range based on the four-year cycle theory. However, Doctor Profit argued that the more market participants expect the same scenario, the less likely it is to play out. On that basis, Doctor Profit said BTC is unlikely to fall below $50,000. Even in a worst-case scenario where BTC corrects to $54,000, the decline would be limited to about 15% from current prices, making gradual buying from now more favorable on a risk-reward basis.