Mechanism Capital Partner: Bitcoin Likely to Continue Gradual Uptrend, Unlikely to See Over 30% Pullback in the Short Term
Andrew Kang, partner at Mechanism Capital, stated on social media, "The measures taken by Trump during the trade war era marked the absolute bottom for Bitcoin. The current market environment is highly favorable for Bitcoin to continue its upward momentum. It is expected that a deep correction of more than 30% will be difficult to occur before Bitcoin reaches at least $140,000 to $160,000."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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