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

BlockBeats News, July 20, 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, suggesting that the traditional view of a bottom may not materialize, and the probability of Bitcoin falling below $50,000 is low.

Doctor Profit has fully deployed short 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 the position by allocating funds in a 4:1 ratio of BTC to ETH.

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

Doctor Profit is a Swiss cryptocurrency elite trader with nearly 500,000 fans on X platform, 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.