In a recent discussion on Roundtable, anchor Rob Nelson and Rebecca Chow, head of investment research at ViaBTC Capital, delved into the future prospects of Bitcoin‘s price.
Nelson initiated the conversation by questioning Chow about the potential for Bitcoin’s price to drop before rebounding. Expressing skepticism about Bitcoin falling below $50,000, Nelson emphasized the volatility of the market, noting the impossibility of predicting exact figures. Chow responded cautiously, citing ViaBTC Capital’s analysis indicating a demand zone between $40,000 and $45,000. She acknowledged the possibility of Bitcoin testing these lower levels before resuming its upward trend, underscoring the market’s inherent uncertainties.
Transitioning the discussion, Nelson queried Chow about the timeline for Bitcoin’s recovery, asking whether an upward movement could commence within the next month or two and whether it would sustain into the year’s end. Chow echoed widespread investor optimism while urging caution against overconfidence, highlighting the unpredictable nature of Bitcoin’s price movements and the potential for market trends to diverge from expectations.
The conversation underscored the ongoing debate and speculation surrounding Bitcoin’s trajectory, reflecting the cautious yet hopeful sentiments prevailing among experts and investors alike.
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