Bitcoin Price Bottom Still in Visibility? – Bitcoin Magazine
This is an excerpt from the “Bitcoin Magazine Podcast” hosted by P and Q. In this episode, Dr. Jeffros joins us to discuss how the current macro his events are impacting Bitcoin and what to expect from Bitcoin’s price.
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Jeff Ross: Here’s what I have to say about Bitcoin. I am still very bearish macro-wise. I still think risk assets will take a hit. I think Bitcoin has a lot of potential — let’s talk in terms of probability.Bitcoin could bottom out, $17,600 is the bottom, and there’s a good chance it’ll rise slowly. It is possible, and if that happens, Bitcoin could also get strong bids. I think it will drop. I think we are already talking to SBF today if there is another crypto infection event [Sam Bankman-Fried] FTX, Alameda, Binance and all the other rubbish — if another crypto-contagion event happens, I think Bitcoin will be pulled too. So bitcoin doesn’t deserve it, and bitcoin has nothing to do with that garbage, but it still sucks with it. Anyway that’s my really long answer to say I’m cautiously optimistic based on the price action of the trade but I don’t think we’re out of the woods just yet. I think it’s still going to be tough, but we’ll see how it goes.
Bitcoin Price Bottom Still in Visibility? – Bitcoin Magazine
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