Odaily News Pav Hundal, chief analyst at Swyftx, said that the current short-selling atmosphere has become very tense, and the macro environment favorable to cryptocurrencies suggests that Bitcoin is expected to hit a new high by the end of this quarter.
BitMEX co-founder Arthur Hayes previously predicted that Bitcoin could fall back to the $70,000 to $75,000 range, which could trigger a "mini financial crisis" if it happens. However, Dr. Sean Dawson, head of research at Derive, recently said that there is less than a 10% chance that Bitcoin will fall to the $75,000 level in the first quarter. (Cointelegraph)