Analyst Warns Against Rapid Bitcoin Price Surge to $250K
Analyst Warns Against Rapid Bitcoin Price Surge to $250K
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A macro analyst suggests that a swift increase in Bitcoin's price to $250,000 within three months would be detrimental, potentially leading to a 'blow-off top' where investors would quickly move to secure profits, implying a subsequent market correction.
Bitcoin's price reaching $250,000 too quickly could lead to a “blow-off top” moment, where investors would scramble to take profits, says a macro analyst.