Bitcoin briefly dipped to $76,046 after the release of U.S. CPI data on Sept. 11, according to BlockBeats. Following the move, whale trader "Set 10 Big Goals First" said BTC did not break below $74,000 and that the bullish trend remains unchanged. The trader also pointed back to an Aug. 25 post discussing whether the market was seeing a reversal or just a larger rebound, saying in that earlier post that the trend had already reversed. In the same remarks, the trader said the current move was stronger than originally expected, adding that even buying back in at $80,000 or above $80,000 would still not be too late in the trader’s view, with room still left. The trader also said $100,000 would probably be reached earlier than previously expected.
Bitcoin briefly spiked lower to $76,046 after U.S. CPI data was released on Sept. 11, according to BlockBeats.
After the move, whale trader "Set 10 Big Goals First" said Bitcoin had not fallen below $74,000 and that the bullish trend remained unchanged.
The trader also cited an Aug. 25 post titled "Is a reversal now more likely than a major rebound?" In that post, the trader said the trend had already reversed.
The earlier post said: "This round of the trend came in more aggressively than I had originally imagined, so expectations for what comes next can be bolder as well. I don’t think it is too late to get back in at $80,000, or even above $80,000. There is still room left. $100,000 will most likely be reached earlier than I originally expected."
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