[Renowned Trader: $76,000 is a Key Support Level for Bitcoin; Bull Market Still Expected to Continue] BlockBeats reports on October 31st that renowned trader Doctor Profit stated that although Bitcoin broke below the daily EMA50 and MA50 support levels in the $80,000-$81,000 range after the recent black swan event, it remains within its bullish fractal structure. He emphasized that $76,000 is a key support level, as a previous break above this area confirmed the start of a bull market. A break below this level would severely impact bulls and pose a significant risk of a drop to $67,000-$69,000; as long as $76,000 holds, he believes there is no need to panic for now. He views the recent price action as a large-scale shakeout that triggered significant liquidation and panic selling, and remains confident that the bull market will continue. He stated that he is still holding his long positions opened at $80,400 and all spot positions bought at $60,000. If the price falls below $76,000, he will admit that his recent bullish judgment in the $80,000 to $81,000 range was wrong, but he will not turn bearish as a result, still viewing the current trend as a cleansing before the next round of gains. [Original Link]