Bitwise: Bitcoin could fall further in the coming weeks
On December 23, Bitwise's European research director, Andre Dragosch, stated that he has been bullish on BTC for months, but after Bitcoin's 8% drop last week, he warned that Bitcoin may further decline in the coming weeks.
Andre said, "The macro situation is that the Federal Reserve is in a dilemma. Despite three consecutive interest rate cuts since September, the financial environment is still tightening. At the same time, according to truflation's US inflation index, the real-time index of consumer price inflation has accelerated to a new high in the past few months. Therefore, we may see more pain in the coming weeks, but considering the sustained tailwind brought by BTC's supply shortage, this may be a buying opportunity." (Coindesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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