Analyst: Bitcoin at Crucial Inflection Point, Macro Tailwinds Counter Cycle Peak Concerns
Analyst: Bitcoin at Crucial Inflection Point, Macro Tailwinds Counter Cycle Peak Concerns
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Despite recent negative market sentiment dubbed 'Rotten October,' K33 analyst Vetle Lunde suggests Bitcoin is at a pivotal moment. Lunde argues that macroeconomic factors such as easing policy, 401(k) inclusion, and growing bank adoption provide strong arguments against the current market cycle reaching its peak, indicating potential for recovery and continued growth.
‘Rotten October’ leaves bitcoin at a crucial inflection point, but macro tailwinds argue against a cycle top: analyst
Despite demoralized sentiment, easing policy, 401(k) inclusion and bank adoption counter a cycle-peak narrative, K33's Vetle Lunde said.