BRN analyst: Bitcoin is undervalued, new demand and positive market momentum may push BTC to a new high
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According to ChainCatcher's message, BRN analyst Valentin Fournier said that "after two weeks of massive outflows, the Bitcoin ETF recorded $94 million in inflows last Friday, indicating that even before Trump's announcement of the crypto strategic reserve, investors believed Bitcoin was undervalued and began to re-enter the market, and the combination of new demand and positive momentum is expected to drive Bitcoin to new highs, especially if the Presidential Working Group takes concrete measures to implement the crypto reserve plan."
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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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