[Renowned Trader: Bitcoin Has Bottomed Out Around $68,000, and He's Buying Heavily] BlockBeats reports on November 13th that renowned trader Doctor Profit stated he believes Bitcoin has bottomed out around $68,000 and is buying heavily around that price level. Bitcoin is currently within a Fibonacci retracement "golden pocket" range and has touched the 200-week moving average. In his view, the 200-week moving average, combined with Bitcoin's four-year cycle, has been a crucial signal for identifying the bottom of past bear markets over the past decade. He also mentioned that some traders were bearish when Bitcoin was around $60,000 in June, but the price subsequently rose to $87,000. He expects Bitcoin will not make a new low in this round. [Original Link]