Editor's PiCK
[Analysis] "Bitcoin, Over 50% Possibility of Reaching New All-Time High in First Half of Year"
Summary
- Bitcoin is said to have more than a 50% chance of reaching a new all-time high within the first half of this year.
- Swan Bitcoin's CEO Cory Klippsten diagnosed that current trading below $100,000 does not mean the bull market has ended.
- He stated that Bitcoin's upward momentum has not completely disappeared and will not lead to a long-term sideways market.
Analysis suggests that Bitcoin (BTC) has more than a 50% chance of reaching a new all-time high within the first half of this year.
Cory Klippsten, CEO of cryptocurrency financial services company Swan Bitcoin, revealed in an interview with Cointelegraph on the 7th that "there is more than a 50% chance (Bitcoin) will reach an all-time high before the end of June this year."
However, CEO Klippsten emphasized that time is needed. He diagnosed that "the market needs to first digest concerns about trade wars and economic slowdown," adding "the fact that Bitcoin is currently trading below $100,000 should be seen not as the end of the bull market, but merely as a temporary pause." He continued, "The upward momentum after Bitcoin surpassed $100,000 for the first time in history late last year has not completely disappeared," and stated "we are currently in a correction phase, but this will not lead to a long-term sideways market."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
