Editor's PiCK
[Analysis] "Bitcoin Likely to Hover Below $100,000 Without Surge in Capital Inflow"
Suehyeon Lee
Summary
- It is analyzed that Bitcoin needs an increase in capital inflow to maintain above $100,000.
- Charlie Morris stated that more time is needed for Bitcoin to hover above $100,000.
- Katie Stockton recommended a neutral investment strategy in the short term.
An analysis suggests that Bitcoin (BTC) needs a surge in capital inflow to maintain above $100,000.
According to Bloomberg on the 10th (local time), Charlie Morris, Chief Investment Officer (CIO) of ByteTree, predicted, "Bitcoin will need more time to maintain above $100,000. Unless capital inflow surges from now, it will hover below $100,000 for a long time."
In this regard, Katie Stockton, an analyst at Fairlead Strategies, recommended, "Bitcoin has failed to maintain above $100,000. A neutral investment strategy, avoiding buying and selling in the short term, should be adopted."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
