Prominent crypto analysts, including Peter Brandt, forecast a potential short-term correction for Bitcoin before it resumes an upward trajectory. Brandt highlighted the possibility of Bitcoin retesting its $125,100 all-time high, but warned of a potential 75% drop during the process. Meanwhile, Charles Edwards of Capriole Investments advised caution against leveraged trading.
Despite these warnings, BitMEX co-founder Arthur Hayes and Swyftx analyst Pav Hundal maintain a bullish outlook, citing potential Federal Reserve rate cuts as a positive catalyst. Macroeconomist Lyn Alden also expressed optimism for Bitcoin's performance in the upcoming quarter, suggesting favorable conditions for the cryptocurrency.
Bitcoin Analysts Anticipate Short-Term Correction Before New Highs
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