With the FTX scandal weakening the correlation between Bitcoin and stocks, there is nonetheless no reason to abandon the idea that it will return.
For crypto analyst Zeberg, a rising tide lifts all boats, and a final rally throughout the risk asset field could take BTC / USD over $100,000.
“Bitcoin moves as a Risk Asset (not like Gold!). When SPX explodes higher in Blow-Off Top towards 5700 - 6000 target area - Bitcoin should reach 90k - 110k. Final rally before Deflationary Bust!"
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