Analyst: Bitcoin is expected to hit a new high by the end of this quarter
On February 1st, Swyftx Chief Analyst Pav Hundal stated that the current tense atmosphere among bears is favorable for the macro environment of cryptocurrencies, indicating that Bitcoin is expected to reach a new high at the end of this quarter. BitMEX co-founder Arthur Hayes previously predicted that Bitcoin could fall to the range of $70,000 to $75,000, which if it happens, could trigger a "mini financial crisis." However, Dr. Sean Dawson, Director of Derive Research, recently stated that the probability of Bitcoin falling to the $75,000 level in the first quarter is less than 10%.
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