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Analyst: The recent rise in the market has been too strong, and a pullback to $88,000 would not be surprising.
Odaily News The Bitcoin ETF listed in the United States attracted a total inflow of $381 million on Monday, marking the largest single-day inflow since January 30. Delta Exchange research analyst Riya Sehgal pointed out that if the Bitcoin price remains stable above $88,800, it may further drive its pump to the $92,000 to $94,000 range. However, this round of rise may soon face a correction. Stefan von Haenisch, head of OTC Trading for Bitgo in Asia, warned that "the market has risen too sharply in the past few days, and now it feels a bit Overbought." He stated that a pullback of Bitcoin to at least $88,000 "would not be surprising." (Bloomberg)