[Analysis] "Bitcoin Maintains Long-term Bullish Trend...New All-Time Highs Soon"
JOON HYOUNG LEE
- Joe McCann, founder of Asymmetry, emphasized that Bitcoin is maintaining a long-term bullish trend.
- McCann recently stated that his short-term Bitcoin trading strategy has tilted towards bearish, but it will soon resume its all-time high rally.
- He noted that market signals, such as hawkish remarks from the Federal Reserve and the Volatility Index, have increased the possibility of short-term corrections.
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- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
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."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto JournalistPiCK News
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