Doctor Profit Revises Bitcoin Buy Range to $54K-$64K, Rejects $40K Target

• Doctor Profit moved his preferred Bitcoin buying range to $54K-$64K, replacing his earlier $40K-$50K accumulation target.
• The analyst said Bitcoin remains in a bear market and views the area below the 200-week moving average as a buying opportunity.
• Doctor Profit said he will keep accumulating Bitcoin, Ether and selected altcoins while prices remain within his revised target range.

Crypto analyst Doctor Profit said he has changed his Bitcoin accumulation strategy, shifting his preferred buying range to $54,000-$64,000 instead of the previously projected $40,000-$50,000 zone. According to the analyst, he shared the updated view after observing growing market consensus around lower price targets, while continuing to accumulate Bitcoin and Ether during what he still describes as a bear market.

Doctor Profit said the market has split into three major groups. According to him, most traders now expect Bitcoin to bottom between $40,000 and $50,000 during September or October. Others believe the low has already formed, while another group expects prices to fall toward $28,000-$33,000.

However, the analyst argued that widespread agreement weakens the probability of the most popular target. He noted that he originally forecast the $40,000-$50,000 range when Bitcoin traded near $120,000 in October 2025. Since then, he has shifted his focus to accumulating within the $54,000-$64,000 range through incremental purchases.

The analyst also rejected claims that Bitcoin has already entered a new bull market. Instead, he maintained that the asset remains in a bear market, although he believes accumulation should occur before broader market confirmation.

Doctor Profit also pointed to Bitcoin’s position below the 200-week moving average. According to him, previous breaks below that level historically coincided with attractive buying opportunities.

He added that the current price area matches the buying range marked on his chart. As a result, he said he continues building positions while the market forms what he described as a bottoming structure.

The analyst also discussed reports that Michael Saylor is considering selling $5 billion worth of Bitcoin. According to Doctor Profit, the reported sale would occur within the same $54,000-$64,000 range where he recently began accumulating.

He contrasted the reported development with Saylor’s previous buying activity above $100,000. Meanwhile, Doctor Profit said he welcomes additional supply inside his target range because he plans to continue accumulating Bitcoin, Ether, and selected altcoins while the current buying zone remains active through the coming weeks.