- Analyst identifies $75,500, the 50-week moving average, as Bitcoin’s final major support for his bullish outlook.
- A weekly breakdown below $75,500 could expose Bitcoin to further declines toward the 68,000–69,000 Fibonacci Golden Pocket.
- Doctor Profit keeps his Bitcoin longs open despite recent losses, while maintaining short positions in several AI-related stocks.
Bitcoin faces a critical weekly support test near $75,500, with analyst Doctor Profit warning that losing this level could invalidate his bullish outlook. The analyst identifies the 50-week moving average as the market’s final major support. If it fails, he expects further declines toward the 68,000–69,000 Fibonacci Golden Pocket.
Why the 50-Week Moving Average Matters
Doctor Profit said the 50-week moving average currently sits around $75,500 on his chart. He previously highlighted the $76,000 region as Bitcoin approached this technical level. According to his analysis, Bitcoin reclaimed this moving average in 2023 before continuing its bull market.
Subsequent retests between 2023 and 2025 marked local price bottoms on three occasions. However, Bitcoin lost the weekly trendline in late 2025, confirming the beginning of the bear market. Doctor Profit now considers another decisive breakdown a failure of his bullish setup.
$69,000 Becomes the Next Support Target
If Bitcoin loses the moving average, Doctor Profit expects continued selling pressure. He identifies 68,000–69,000 as the next major support through the Fibonacci Golden Pocket.
Meanwhile, Bitcoin’s short-term holder cost basis is around $75,800. Glassnode data shows more than 30,000 BTC recently moved to exchanges at losses. CryptoQuant also reported continued selling pressure among buyers who entered around 85,000–87,000.
Doctor Profit considers the current decline a potential local bottom. However, he acknowledged that losing the weekly moving average would invalidate his earlier $80,000 analysis.
Doctor Profit Keeps Bitcoin Longs Open
Despite recent losses on positions opened around 80,000–81,000, Doctor Profit said he remains invested. His earlier Bitcoin purchases between $60,000 and $64,000 remain profitable.
He also reported gains from stock market shorts, including SanDisk, down roughly 60%, IBM, down 26%, and MSTR, down 51%. Netflix shorts are up approximately 43%, while his S&P 500 short is 4% from its entry.
He intends to maintain those AI-related stock shorts while keeping his Bitcoin positions open. He clarified that his strategy excludes crypto-related stocks such as Coinbase and CRCL.
