The Bitcoin price is hovering near $69,926, but not everyone is convinced the worst is over. In fact, some voices like Arthur Hayes in the market are openly saying
So what does all that suggest? Simply put, the Bitcoin price may not have reached its ultimate floor yet, even if the long-term outlook remains bullish. Interestingly, despite the caution, the same long-term outlook still includes a bold projection: a potential $250,000 valuation by 2026. But before that kind of rally can happen, the market might have to endure one more shakeout.
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