As per Coinrise, Bitcoin may be positioned for a substantial rebound, according to a new assessment from Bitwise Europe’s head of research, André Dragosch. He noted that the current price does not reflect the broader economic landscape heading into the next two years, drawing a comparison to March 2020 during the early stages of the pandemic. Dragosch stated that Bitcoin is pricing in a recession-style environment, but the market has already absorbed much of the negative news from earlier this year. Other analysts, including BitMine chair Tom Lee, also expect Bitcoin to recover to $100,000 before the end of the year.
Bitcoin Outlook Strengthens as Researcher Points to Major Market Disconnect
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