Top analysts Jacob King and Dan Gambardello offer contrasting predictions for Bitcoin's trajectory. King highlights Bitcoin's 34% decline from October highs, citing structural issues like a declining hashrate and weak institutional demand as indicators of a potential prolonged bearish phase. He suggests this could mirror long recovery periods seen in other major cryptocurrencies.
Conversely, Gambardello argues that macroeconomic factors, such as the reduction of the RRP from $2.5 trillion to near zero and high TGA levels, suggest conditions more favorable for a bull market. The market remains split between these two data-driven perspectives, reflecting ongoing uncertainty in Bitcoin's future.
Analysts Divided on Bitcoin's Future Amid Market Uncertainty
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