Bitcoin may be following a similar pattern from last year and still has room to rise, according to economist Alex Krüger. He believes that Bitcoin's recent severe correction is comparable to the collapse in April 2024 before a series of rallies occurred. However, Krüger warns that the uncertainty around US President Donald Trump's tariff policies remains a significant risk for the crypto markets. He also suggests that Bitcoin may hit lower price targets before rallying. Krüger notes that severe Bitcoin corrections happen multiple times a year and may present buying opportunities. He previously stated that crypto is in a supercycle, which could include painful Bitcoin pullbacks. Currently, Bitcoin is trading at $84,608, down 4.8% in the last 24 hours.



Other News from Today