Doctor Profit Raises Bitcoin( $BTC )Short to $13M, Targets $79K
Trader Doctor Profit said he has increased his Bitcoin short position to $13 million, expecting $BTC to correct toward $79,000.
According to ChainCatcher, he said he will reassess his next move once Bitcoin reaches that level, depending on the price action.
Despite the short position, Doctor Profit said he remains bullish on Bitcoin’s long-term trend. He believes the bear market has ended and views the current move as a temporary correction within a broader bull market.
#DollarIndexReclaims101
Trader Doctor Profit said he has increased his Bitcoin short position to $13 million, expecting $BTC to correct toward $79,000.
According to ChainCatcher, he said he will reassess his next move once Bitcoin reaches that level, depending on the price action.
Despite the short position, Doctor Profit said he remains bullish on Bitcoin’s long-term trend. He believes the bear market has ended and views the current move as a temporary correction within a broader bull market.
#DollarIndexReclaims101
