Bitwise: Bitcoin may continue to fall in the coming weeks

Bitwise Europe Research Director Andre Dragosch stated that he has been accurately bullish on BTC for several months, but after Bitcoin fell 8% last week, he warned that Bitcoin may further decline in the coming weeks.

Andre said: "The macro situation is that the Federal Reserve is caught in a dilemma. Despite three consecutive rate cuts since September, the financial environment continues to tighten. At the same time, according to truflation's U.S. inflation index, real-time indicators of consumer price inflation have accelerated to new highs over the past few months. Therefore, we are likely to see more pain in the next few weeks. However considering BTC's ongoing tailwind due to supply shortage, this could be a buying opportunity."