Analyst Doctor Profit stated that the BTC bottom is expected to form between $40,000 and $50,000. He explained via X, "I am still maintaining my short position with an entry price of $120,000, and I also hold a short position at $80,500. I plan to continue holding short positions as long as BTC remains below $80,000. The current market is not the time to discuss FOMO buying or a bullish reversal. Fatigue has accumulated due to sideways movement, which is a typical sign before entering the capitulation phase. If BTC falls below $60,000, the full capitulation phase will begin. Subsequently, market fear may expand due to sell-offs by long-term holders, collapse of exchanges or large institutions, and black swan events (events that are highly improbable but actually occur). The final bottom price is expected to be in the $40,000-$50,000 range, with the timing anticipated in September-October of this year."
