[Analysis] "Bitcoin Maintains Long-term Bullish Trend...New All-Time Highs Soon"

An analysis has emerged suggesting that Bitcoin (BTC) is maintaining a long-term bullish trend.

Joe McCann, founder of the virtual asset investment firm Asymmetry, stated on X on the 8th, "My current short-term (Bitcoin) trading strategy is leaning towards 'bearish,' but (Bitcoin) will soon resume its all-time high (ATH) rally." McCann added, "However, the market seems unstable until the inauguration of Trump."

McCann emphasized that Bitcoin is continuing its long-term bullish trend. He explained, "(Bitcoin) is showing short-term weakness, but it remains bullish in the long term," adding that "various market signals, such as the hawkish remarks from the Federal Reserve and significant movements in the Volatility Index (VIX), have increased the possibility of short-term corrections."