Market analyst Jordi Visser forecasts that Bitcoin may undergo significant corrections before reaching a new all-time high of $112,046. Despite the fourth quarter traditionally being a strong period for crypto assets, Visser anticipates corrections of 20% or more, similar to the pattern seen with Nvidia's stock, which experienced multiple corrections before achieving record valuations.
Visser suggests that the rise of artificial intelligence will shift investor focus from traditional stocks to Bitcoin, positioning it as a premier store of value in the digital age. Currently, Bitcoin trades around $110,000, approximately 11% below its peak. While some investors remain optimistic about Bitcoin's potential to hit new highs this quarter, others are cautious due to regulatory challenges and the slow development of the US strategic Bitcoin reserve.
Analyst Predicts Bitcoin Correction Before New All-Time High
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