[Analysis] "Bitcoin more likely to enter a correction and volatility phase than a short-term surge"

Analysts say Bitcoin (BTC) is more likely to remain in a phase where corrections and volatility coexist rather than see a clear rally.

On the 8th (local time), Cointelegraph reported that Bitfinex analysts said, "Bitcoin is more likely to enter a short-term correction and volatility phase than to surge decisively toward new highs."

However, the analysts added, "If weekly net inflows into Bitcoin ETFs recover to over $1 billion and the macro environment improves, Bitcoin could rise as high as $130,000."

Meanwhile, Jake Kennis, senior researcher at Nansen, offered a similar analysis. He said, "Although Bitcoin has maintained an annual uptrend over the long term, given recent large-scale liquidations and market structure disruptions, a short-term surge is unlikely," adding, "If a clear momentum shift occurs by the end of the year, a new all-time high would also be possible."