Crypto analyst Doctor Profit has revised his Bitcoin accumulation strategy, shifting his preferred buying range from the previously projected $40,000–$50,000 zone to $54,000–$64,000. The analyst said he shared the updated view after observing growing market consensus around lower price targets, while continuing to accumulate Bitcoin and Ether during what he still describes as a bear market.

Market Participants Split Into Three Camps

Doctor Profit said the market has divided into three major groups. According to him, most traders now expect Bitcoin to bottom between $40,000 and $50,000 during September or October. Another group believes the low has already formed, while a third faction expects prices to decline further toward $28,000–$33,000.

The analyst argued that widespread agreement around the most popular target reduces the probability of it materializing. He noted that he originally forecast the $40,000–$50,000 range when Bitcoin traded near $120,000 in October 2025. Since then, he has shifted his focus to accumulating within the $54,000–$64,000 range through incremental purchases, an approach commonly referred to as dollar-cost averaging.

Doctor Profit rejected claims that Bitcoin has already entered a new bull market. He maintained that the asset remains in a bear market, while emphasizing that accumulation should occur before broader market confirmation of a trend reversal. Historically, Bitcoin's bear markets have spanned multiple quarters to over a year, with accumulation phases often preceding confirmed recoveries.

200-Week Moving Average Remains Key

The analyst pointed to Bitcoin's position below the 200-week moving average (MA200 weekly) as a significant technical factor. The 200-week moving average is one of the most widely followed long-term support indicators in Bitcoin technical analysis, tracked by both institutional and retail traders. He noted that previous breaks below that level historically coincided with attractive buying opportunities.

According to Doctor Profit, the current price area aligns with the buying range marked on his chart. As a result, he continues building positions while the market forms what he described as a bottoming structure.

Reports of Michael Saylor Bitcoin Sale

Doctor Profit also addressed reports that Michael Saylor is considering selling $5 billion worth of Bitcoin. According to the analyst, the reported sale would occur within the same $54,000–$64,000 range where he recently began accumulating positions.

Saylor's MicroStrategy has been one of the largest corporate holders of Bitcoin since the company began accumulating the asset in 2020. He contrasted the reported development with Saylor's previous buying activity above $100,000. Doctor Profit said he welcomes additional supply inside his target range, as he plans to continue accumulating Bitcoin, Ether, and selected altcoins while the current buying zone remains active through the coming weeks.