# Doctor Profit Calls $76,000 Key Support for Bitcoin (BTC) By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/45393 Published: 2026-10-31T08:43:11.000Z Updated: 2026-10-31T08:43:11.000Z Section: Investing > He says a break could raise the risk of a decline to $67,000-$69,000, but would not make him bearish. 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. He said he continues to hold a long position opened at $80,400 and all the spot Bitcoin he bought at $60,000. If Bitcoin falls below $76,000, Doctor Profit said he would acknowledge that his bullish call around $80,000-$81,000 was wrong. He said he would not turn bearish, and would still view the decline as a shakeout before another advance. ## Links in this article - [50-day moving average as a support test](https://www.tokenpost.com/news/investing/32519)