[Renowned Trader: Bitcoin Won't Drop Below $50,000, Awaiting October FOMO Rally] BlockBeats News, July 20, Doctor Profit (@DrProfitCrypto) posted today, stating that the general expectation of Bitcoin bottoming out in September-October due to the four-year cycle constitutes a contrarian signal. As a result, the traditional bottom may not materialize, and the probability of Bitcoin falling below $50,000 is low. Doctor Profit has fully deployed short profits to buy Bitcoin at approximately $64,000 and plans to gradually accumulate by investing 5% of funds daily within the $54,000 to $64,000 range. Additionally, he is balancing his portfolio with a BTC:ETH ratio of 4:1. Doctor Profit emphasized that institutional events, such as the launch of BlackRock's tokenization platform in October and potential regulatory clarity legislation in August, could introduce narratives of 24/7 stock trading and blockchain legalization, potentially triggering FOMO early and driving prices higher. Doctor Profit is a Swiss cryptocurrency elite trader with nearly 500,000 followers on the X platform, known for his expertise in psychological analysis, Bitcoin, and stock trading. He previously shorted Bitcoin successfully near $120,000 in September 2025 and recently closed all short positions on Bitcoin and over 100 altcoins, shifting to a spot accumulation strategy. [Original Link]