Bitcoin (BTC) is again trading above the $65,000 range, while market analysts continue to debate whether the leading crypto asset is entering a bearish or bullish phase. In his latest weekly report, the crypto analyst known as Doctor Profit said BTC could fall to $54,000 at the lowest, marking a significant revision from his earlier bear-market bottom target of $40,000.

Doctor Profit Revises BTC Downside Target to $54,000

Doctor Profit, a crypto analyst known in the market for previous price calls, followed up on his latest crypto market report by outlining a revised view on Bitcoin’s downside range. The analyst said he no longer expects BTC to fall to the $40,000 range, which had been his previous bear-market bottom prediction. Instead, he now believes Bitcoin would only decline as far as the $54,000 range.

Following that change in outlook, Doctor Profit said he has sold all of his short trade holdings and has started accumulating BTC for the long term. In the weekly report, he explained why he decided to begin buying Bitcoin at current levels.

According to the analyst, many traders remain focused on identifying the exact market bottom and are discussing the strength seen in July. At the same time, he said some market participants expect August and September to bring a stronger correction and new lows. While $44,000 and $48,000 appear to be common bottom expectations, Doctor Profit said he believes a broader range is more likely to play out.

Specifically, he identified the $54,000 to $64,000 range as a favorable entry area for dollar-cost averaging, or DCA. DCA is commonly used by long-term buyers to spread purchases across multiple price levels instead of relying on a single entry point. He described the roughly 15% range as suitable for starting BTC purchases and managing risk. On that basis, he said his current strategy is to actively accumulate Bitcoin.

Doctor Profit also noted that Bitcoin has already been trading inside the $54,000 to $64,000 buy region. He added that the weekly MA200 is running directly through the lower part of that zone, making it an important area in his view. The MA200 refers to the 200-period moving average, a long-term technical indicator that traders often use to assess whether price is trading above or below a historically significant trend level.

Analyst Points to MA200 Weekly and Upcoming FOMC Meeting

The analyst emphasized that Bitcoin has tested this region several times. He argued that, based on historical performance, buying Bitcoin at or near the weekly MA200 has always proved profitable. He said this is the same confluence he has been describing since his pivot announcement.

Overall, Doctor Profit said he plans to accumulate BTC within the identified price range over the next one to two months.

The report also highlighted weekly events that could influence broader crypto market movements. The first event listed was the Federal Open Market Committee, or FOMC, meeting scheduled for Wednesday. Doctor Profit said he expects market pricing to reflect a 65% chance of no change in rates and a 35% chance of a rate hike. FOMC decisions are closely watched across risk assets, including crypto, because changes in interest-rate expectations can affect liquidity conditions and investor appetite for volatile markets.

The article closed by asking whether BTC will form a bottom over the next two months or whether altcoins will finally enter their long-awaited altseason peak phase.