On December 23rd, Andre Dragosch, head of European research at Bitwise, said that he has been optimistic about BTC for months, but after bitcoin fell 8% last week, he warned that it could fall further in the coming weeks.
Andre said: "The macro picture is that the Fed is in a dilemma, with financial conditions continuing to tighten despite three consecutive rate cuts since September. At the same time, according to truflation's US inflation indicator, the real-time measure of consumer price inflation has accelerated again to new highs over the past few months, so we are likely to see more pain in the coming weeks, but given the continued tailwind from the supply shortage of BTC, this could be a buying opportunity." (Coindesk)
Bitwise: Bitcoin Could Fall Further in the Coming Weeks
2024-12-23 07:55:29
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