Nansen Chief Research Analyst: BTC support level after the US election is $90,700-91,000
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2024-12-21 07:02 502
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Golden Finance reported that Bitcoin has fallen by more than 10% since the Federal Reserve announced its interest rate decision on December 18. Aurelie Barthere, chief research analyst at Nansen, told The Block: “I had expected the pullback to happen later, probably in January. The Fed’s hawkish stance and political uncertainty around U.S. fiscal priorities, including the ongoing government shutdown, Negotiations) could be the reason for the Bitcoin sell-off.”
Barthere expects a Bitcoin price range of $90,700-$91,000, representing post-U.S. election support. Barthere said: “So far, the correction appears to be orderly, with no signs of panic in trading volumes, suggesting there is potential for bargain-hunting activity, after cryptocurrencies outperformed all other financial assets after November 5 , the adjustment seems normal and healthy."