According to RBC, analyst Anatoliy Radchenko discussed the near-term outlook for Bitcoin in a video published on December 1. He noted that Bitcoin (BTC) opened December at around $86,500, down nearly 17% in November and 5% in the first day of December. Radchenko highlighted the impact of pro-crypto policies under U.S. President Donald Trump, which led to the rise of crypto-reserve companies and ETFs. However, these companies are now struggling as their stocks trade in the red and they can no longer raise funds to buy crypto. He also mentioned that Strategy, a major BTC-holding company, may be forced to sell coins to meet obligations, which could pressure the market. Radchenko estimates BTC could fall to $70–75,000 but emphasized that the price cannot fall indefinitely. He noted that BTC is currently near the average entry price of U.S. ETF investors at $84,000 and may consolidate at these levels for some time.
RBC Analyst Predicts BTC Could Drop to $70K, But Price Cannot Fall Forever
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