Chinese crypto analyst Banmu Xia has indicated that Bitcoin's current market trend is not strongly bullish, but cautions against excessive pessimism over the next one to two months. He anticipates a potential market adjustment in March or April 2025. While a significant ETF outflow could potentially drive Bitcoin's price below $80,500 or even to $71,000, Xia considers this scenario unlikely. He notes that market volatility has decreased, suggesting a clearer trend direction will emerge soon. Traders are encouraged to monitor altcoins as market conditions evolve.
Analyst Foresees Bitcoin Trend Clarification in Early 2025
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