Banmu Xia: No need to be overly bearish on Bitcoin in the next 1-2 months; the trend is about to become clear

BTC2,34%

BlockBeats News, December 26 — Chinese crypto analyst Ban Mu Xia stated on social media, “Currently, it is no longer appropriate to be strongly bullish on Bitcoin, but there is no need to be overly bearish in the next 1-2 months. A wave of correction may occur around March or April next year. If ETF funds experience a significant outflow, a sharp decline could happen, and Bitcoin might fall below $80,500 or even drop to $71,000, but this is a low-probability event. Currently, Bitcoin’s volatility has been reduced to the extreme, and it will soon break out in a direction.”

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