Bitcoin Sell-Off: A Healthy Correction?
Bitcoin Price Correction: A Bullish Sign?
Bitcoin experienced a significant price drop after briefly touching a new all-time high, falling to lows of $60,800. However, Bitwise Crypto Research Analyst Juan Leon suggests this sell-off is a healthy correction, setting the stage for a more sustainable price increase in the lead-up to the Bitcoin halving.
Leon's Perspective: A Necessary Pullback
According to Leon, as featured on "Markets Daily" with Helene Braun, the recent volatility is a natural market adjustment. This pullback, he argues, could lead to a more stable and sustained price rise. The upcoming Bitcoin halving is a key factor in his optimistic outlook.
Ether Price Prediction: A Surprise
Leon also shared a surprising prediction regarding the price of Ether, though the specifics weren't detailed in the report. This unexpected insight further underscores the dynamic nature of the cryptocurrency market.
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Listen to the Full Discussion
For a complete understanding of Leon's analysis and insights, listen to the full "Markets Daily" podcast here.
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