Renowned Trader: Bitcoin Will Not Drop Below $50,000, Patiently Awaits October FOMO Rally

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.