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Crypto trader Doctor Profit said BTC could fall to $67,000-$69,000 if it loses support at $76,000.
In an analysis posted on X, Doctor Profit said BTC recently fell below both the 50-day exponential moving average and simple moving average in the $80,000-$81,000 range amid a major hacking incident, but the broader bull-market price structure remains intact. Doctor Profit added that a break above $76,000 had been an important signal confirming the start of the bull market, so losing that level would deal a major blow to the uptrend. Even so, Doctor Profit said the latest decline appears to be a temporary digestion phase driven by large-scale forced liquidations and panic selling, and Doctor Profit remains confident the bull market will continue.
Doctor Profit added that Doctor Profit is maintaining a BTC long position with an average entry price of $80,400, along with a spot position bought at $60,000.