CryptoQuant Rejects Bloomberg’s $10K Bitcoin Forecast

36m ago•

Cointribune

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The scene illustrates the disagreement between two analysts regarding the risk of a sharp decline in Bitcoin. On the left, a pessimistic expert points to a plunging red chart, convinced that a major correction threatens the market. On the right, a more optimistic analyst defends a bullish perspective, supported by green financial indicators. At the center, a gigantic Bitcoin coin separates the two protagonists, symbolizing the asset at the heart of the debate. Their tense expressions and energetic gestures highlight their differences of opinion. Overall, it depicts market uncertainty, where the same data can fuel radically opposing short-term forecasts for Bitcoin.

Mike McGlone, strategist at Bloomberg Intelligence, believes bitcoin could fall back to 10000 dollars if American stocks lost 20%. Ki Young Ju, founder of CryptoQuant, rejects this projection and rather sets a theoretical floor around 30,000 dollars, due to institutional purchases and on-chain valuation.

L’article CryptoQuant Rejects Bloomberg’s $10K Bitcoin Forecast est apparu en premier sur Cointribune.

36m ago•

Cointribune

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