Doctor Profit Calls $76,000 Key Support for Bitcoin (BTC)

Trader Doctor Profit identified $76,000 as key support for Bitcoin (BTC), saying a break below it would raise downside risk but would not end his bullish view. Doctor Profit said Bitcoin had fallen below the $80,000-$81,000 zone, where its daily 50-day exponential moving average and 50-day moving average had provided support. He previously described a return to Bitcoin's 50-day moving average as a support test . He said losing $76,000 would hurt bulls and increase the risk of a decline to $67,000-$69,000. In his view, an earlier breakout above $76,000 confirmed the start of the bull market. Doctor Profit characterized the recent decline as a washout that triggered liquidations and panic selling.

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