Top Bitcoin Trader Shows How to Profit When BTC Hits $30,000

Bitcoin’s price has bounced up to the $30,000 level four times so far in 2023, most recently today, presenting trading opportunities for short sellers each time according to popular crypto trader Doctor Profit.

With over 200,000 followers on Twitter, Doctor Profit has established himself as an influential voice in crypto trading circles. His latest tweets explain how he has profited each time bitcoin reached around $30,000 this year.

Doctor Profit notes that the $30,000 level represents a key resistance zone for bitcoin. This means there is significant selling pressure around this price that pushes the price back down. Selling pressure comes from investors who bought bitcoin at higher prices in 2021 and are looking to exit their positions without a loss when the price reaches their break-even point.

Each time bitcoin touched $30,000 in 2023, Doctor Profit tweeted that he was building up short positions, betting that the price would drop from that level again. A short position profits when the asset price falls. Four times this year, his strategy has paid off, allowing him to close his short positions at a profit as bitcoin fell back below $30,000.

According to Doctor Profit, retail traders repeatedly make the mistake of buying into resistance levels like $30,000, pushing the price up temporarily before more experienced short sellers jump in and force the price back down again. Selling into these temporary breakouts has generated consistent profits for him this year.

Other experienced crypto traders have echoed Doctor Profit’s strategy, noting that $30,000 remains a risky area to buy bitcoin until it can break decisively above this resistance. For short-term traders like Doctor Profit, betting against breakouts into well-established resistance continues to produce regular rewards.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.