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Bitcoin ‘increasingly unlikely’ to see prolonged correction: 21Shares

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Bitcoin’s “structural imbalance” signals that it probably won’t experience a significant downturn in the near term, says 21Shares crypto research strategist Matt Mena.

Bitcoin isn’t likely to enter a downtrend anytime soon, with strong fundamentals supporting its current trajectory, says a researcher at crypto product provider 21Shares.

“The structural imbalance between surging demand and a rapidly vanishing supply base makes a prolonged correction increasingly unlikely,” 21Shares crypto research strategist Matt Mena told Cointelegraph.

“There are far more positives than negatives right now,” Mena added.

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