Prominent Trader: Bitcoin May Pull Back to $79,000, Bull Market to Continue After Correction

BlockBeats news, September 24: Renowned trader Doctor Profit stated that he has increased his Bitcoin short position to $13 million, expecting a BTC pullback with a target price of $79,000. He will decide his next move based on price performance after Bitcoin hits that level.

He also emphasized that this short position does not mean he is bearish on the long-term trend. He believes the Bitcoin bear market has ended, and the current expectation is merely a phased correction within the bull market; after the pullback concludes, the Bitcoin bull run will continue.