Bitwise: BTC may further decline in the coming weeks

Odaily Planet Daily News Bitwise European research director Andre Dragosch said that he has been bullish on BTC for several months, but after BTC fell 8% last week, he warned that BTC may further decline in the coming weeks. Andre said, “The macro situation is that the Fed is in a dilemma. Despite three consecutive rate cuts since September, the financial environment is still tightening. At the same time, according to truflation’s U.S. inflation index, the real-time indicator of consumer price inflation has accelerated to new highs in the past few months. Therefore, we may very likely see more pain in the coming weeks, but considering the sustained tailwind from the shortage of BTC supply, this may be a buying opportunity.” (Coindesk)