Well-known trader says Bitcoin will not fall below $50,000, waiting for the October FOMO rally.

Swiss crypto elite trader Doctor Profit (@DrProfitCrypto) stated in a post today that the widespread market expectation of Bitcoin hitting a bottom between September and October amid its four-year cycle is a contrarian signal, meaning the traditional consensus-based bottom may not materialize, while the probability of BTC falling below $50,000 remains low. Profit has deployed all his short-selling profits to purchase Bitcoin at approximately $64,000, and plans to allocate 5% of his capital daily to gradually accumulate BTC in the $54,000–$64,000 range, balancing his positions with a 4:1 BTC-to-ETH ratio. He emphasized upcoming institutional catalysts: BlackRock’s tokenization platform launch in October and a potential clear regulatory bill in August, which will bring narratives around 24-hour stock trading and blockchain legalization, possibly triggering early FOMO and pushing prices higher. A prominent crypto figure with nearly 500,000 followers on X, Profit is known for his expertise in market psychology, Bitcoin trading, and stock trading. He previously executed a successful short position on Bitcoin near $120,000 in September 2025, and recently closed all his short positions in Bitcoin and over 100 altcoins to adopt a spot accumulation strategy.