Analyst: Bitcoin may fall further before rebounding

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The analysts at Zaye Capital Markets stated in a report on December 2nd that the lingering concerns over the ongoing consolidation of Bitcoin may lead to further declines before a rebound occurs.

Buoyed by the prospect of US President-elect Trump being more crypto-friendly in regulation, Bitcoin had previously reached a historic high of $99,830. However, as the initial momentum from Trump's election victory has faded, the price of Bitcoin has also retreated. (Jinshi)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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