“According to Valentin Fournier, a digital assets analyst at advisory firm brn, the hawkish comments from Jerome Powell and the current selling pressure are expected to drive BTC down to 52,000,” Fournier stated in an email. “However, Fournier suggests that investors should see this as a buying opportunity, as the improving regulations around cryptocurrencies and the cooling inflation in the US have not yet been fully factored in. Once investors shift their focus to a longer-term vision, these factors are likely to bring strong momentum.”
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