Bitcoin Price Crash Could Deepen Toward $67K-$69K, Analyst Warns

Bitcoin has suffered another violent selloff after the Binance hack , but analyst Doctor Profit is not abandoning his bullish outlook yet. BTC has dropped from the low-$80,000s toward the $76,000-$77,000 area, and broke below the daily EMA50 and MA50 levels that Doctor Profit had expected to act as support. That is a clear technical setback. Still, he believes the larger bullish structure remains intact as long as one specific level survives: $76,000. In his view, losing that support would be a much more serious signal and could open the door to $67,000-$69,000.