Bitcoin rebounds above $76,800 as Doctor Profit lowers cycle bottom to $54,000–$44,000

Over the past 24 hours, Bitcoin briefly slid toward $74,000 before recovering above $76,800 and remains down 13% for the week. Analyst Doctor Profit cut his projected cycle low to a $54,000–$44,000 range and expects a move toward $70,000 first. Matrixport reported three consecutive months of net outflows from spot Bitcoin ETFs.