Editor's PiCK
"Wall Street Forecasts Strong Bitcoin (BTC) Rebound in Q2 After March Weakness"
JH Kim
Summary
- Wall Street banks predicted a strong rebound for Bitcoin (BTC) in the second quarter.
- Bitcoin showed weakness in March this year, but the outlook suggests investors' risk-aversion may soon ease.
- BTC is showing an upward trend at $85,104.01.
On the 14th (local time), CNBC reported that "Wall Street banks are predicting that Bitcoin (BTC) will strongly rebound in the second quarter after weakness in March this year."
The media outlet stated that "Bitcoin had a bad start to 2025," adding that "this is particularly because investors have entered risk-aversion mode," and predicted that "this situation could soon ease."
Meanwhile, as of 00:43 on the 15th, BTC is trading at $85,104.01, up 4.66% compared to the previous day, based on the Binance Tether (USDT) market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
