Analyst: Bitcoin is expected to hit a new high by the end of this quarter
Odaily Planet Daily News Swyftx chief analyst Pav Hundal said that the current short-selling atmosphere has become very tense, and the macro environment favorable to cryptocurrencies indicates that Bitcoin is expected to hit a new high at the end of this quarter.
BitMEX co-founder Arthur Hayes previously predicted that Bitcoin could fall back to the $70,000 to $75,000 range, which could trigger a "small financial crisis" if it really happens. However, Dr. Sean Dawson, head of research at Derive, recently said that the probability of Bitcoin falling to the $75,000 level in the first quarter is less than 10%. (Cointelegraph)
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