Bitcoin may be set for a significant rebound, according to André Dragosch, head of research at Bitwise Europe. Dragosch highlighted a disconnect between Bitcoin's current price and the broader economic landscape, likening the situation to March 2020. He suggested that Bitcoin is currently pricing in a recession-like environment, despite the market having absorbed much of the negative news from earlier this year.
Additionally, BitMine chair Tom Lee anticipates Bitcoin could recover to $100,000 by year-end, reflecting a growing optimism among analysts about the cryptocurrency's potential recovery.
Bitcoin Poised for Rebound Amid Market Disconnect, Says Bitwise Researcher
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