CryptoQuant CEO: Bitcoin may consolidate for a long time in the range of $75,000 to $100,000
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Odaily Odaily News CryptoQuant CEO Ki Young Ju Yu X said: "Bitcoin spot trading volume is very active around $100,000. During the distribution phase, when new liquidity dries up, prices will fall. As to whether the Bitcoin market will face a bear market for several years, the key question is where will the new liquidity come from? I think we may see a long-term consolidation similar to the large range of early 2024 (such as $75,000-100,000) until Bitcoin appears positive and brings new liquidity."
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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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