Doctor Profit Sees $79K Decision Point in Bitcoin Short

Bitcoin (BTC) short seller Doctor Profit is maintaining his target of $79,000 for deciding whether to close or hold his trade. He has been building a swing position and adding orders at higher prices.

At $86,200, he initially shorted Bitcoin, and now plans to assess the price reaction at $79,000. If the market holds up, he may continue holding the short position.

Doctor Profit does not expect Bitcoin to fall below $69,000 to $71,000, which would be considered a deep pullback for him.