Doctor Profit Cuts Bitcoin Short Target to ₱4,578,474 ($76,200)
Crypto analyst Doctor Profit has adjusted his Bitcoin trading strategy, closing only 50% of his short position at ₱4,578,474 ($76,200) instead of his original ₱4,746,712 ($79,000) to ₱5,047,136 ($84,000)exit zone. He also opened a long position at $71,000 while maintaining his bearish outlook on deeper price targets.
Key Takeaway
Analyst cuts short target to $76,200 but keeps long-term bearish view with $39,388 bottom.
Doctor Profit placed a short position around $120,000 after publicly calling for bearish bets between $115,000 and $125,000.
He told followers in a fresh X update that he'll close only 50% of his short position at $76,200, down from his original plan to exit fully at $79,000 to $84,000. He also opened a long at $71,000, which he'll hold with a stop loss moved to entry.
Doctor Profit said a move into the $76,000 range carries a much higher likelihood than a full push into the upper resistance band. He acknowledged a miscalculation in his earlier probability assessment. Bitcoin has floated between $65,000 and $75,000 for over two months after recording an all-time high in October 2025.
The analyst still sees value in the $79,000 to $84,000 zone, which he describes as a more optimal region driven by potential market euphoria and late-stage buying pressure. He's reserving additional short entries for that range instead of opening new shorts around $76,000.
Doctor Profit's original short targets remain intact: $54,396 for the first level, $46,392 for the second, and $39,388 for the third. He maintains his bearish outlook despite recent capital inflows into spot Bitcoin ETFs. Bitcoin prices have been sliding after tariff threats against China, but the analyst's revised strategy reflects shorter-term positioning rather than a shift in his broader bearish thesis with targets reaching down to $39,388.
This article was written based on reporting from Bitcoinist.
