Chris J Terry, a cryptocurrency analyst and enthusiast, has revealed his insights on the price action of Bitcoin, predicting a continuous decline in the price of the crypto asset.
Analyst Says Bitcoin Will Continue To Drop
The crypto analyst shared his insights regarding Bitcoin with the cryptocurrency community on the social media platform X (formerly Twitter), anticipating a possible “continuation of a flat or declining trend.”
He highlighted that the downtrend will continue until Grayscale Bitcoin Trust (GBTC) is fully “liquidated.” According to him, the liquidation will be possible with a whopping $25 billion worth of selling activity over the next few weeks.
Terry cites Grayscale’s choice to keep Bitcoin ETF fees at 1.5% as the cause of what he sees to be the “biggest strategic error” in cryptocurrency history. This implies that Grayscale’s action might have a long-term impact on the crypto market and may prevent wider adoption.
The post read:
Looks like the BTC pr
We współpracy z: https://www.newsbtc.com/news/bitcoin/analyst-foresees-bitcoin-downtrend-until-gbtc-is-liquidated/
