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Renowned Trader: Bitcoin Expected to Fluctuate Between $71,000 and $82,000, Still Betting on Upside Breakout

On August 30, renowned trader Doctor Profit stated that bearish sentiment towards Bitcoin may increase in the coming days, putting more pressure on bulls. He believes that the market may short-term shake out those who entered at higher prices and those with weak positions through price volatility. BTC is expected to trade sideways in the range of $71,000 to $82,000, with $71,000 being the lower boundary and $82,000 the upper resistance that needs to be broken. He continues to bet on an eventual upside breakout for Bitcoin, whether it happens on the first or third attempt. Doctor Profit emphasized that he is currently not shorting or selling, and continues to hold his spot positions established around $62,000.

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