# Doctor Profit Says Bitcoin Bottomed Near $68,000 and Is Buying Heavily By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/56577 Published: 2026-11-13T11:21:43.000Z Updated: 2026-11-13T11:21:43.000Z Section: Investing > He cites Bitcoin's Fibonacci retracement zone and 200-week moving average, and says he does not expect another low in the current run. Crypto trader Doctor Profit said Nov. 13 that he is buying Bitcoin (BTC) heavily near $68,000, a level he considers the bottom of the current market cycle. He described Bitcoin as being in the golden pocket of a Fibonacci retracement and touching its 200-week moving average. Doctor Profit said the 200-week average, viewed alongside Bitcoin's four-year cycle, has been an important signal for identifying bear-market lows over the past decade. As a precedent, Doctor Profit recalled Bitcoin hovering near $60,000 in June while some traders held bearish views; the price later reached $87,000. He expects Bitcoin not to set another low in the current run. The new buying level is below the roughly $80,000 area where he previously said he was [adding to Bitcoin long positions](). ## Links in this article - [adding to Bitcoin long positions](https://www.tokenpost.com/news/investing/40143)