21shares Strategist Outlines Bitcoin Path to $90K, With $85K First
Edited by Steinar Vigdel Kolnes, Editor, Oslo
21shares strategist Matt Mena sees a possible bitcoin move toward $90,000 as near-term economic uncertainty eases, with $85,000 an initial level to regain.
Bitcoin may recover toward $90,000 once uncertainty around upcoming economic data subsides, according to 21shares strategist Matt Mena, as reported by Bitcoin.com News.
Mena’s outlook follows a hotter-than-expected core inflation reading and bitcoin selling last week. He cited that selling and historically positive returns following hotter core inflation reports as reasons for his view.
The scenario puts a recovery to $85,000 ahead of a potential move toward $90,000. Mena framed the advance as a possibility after forthcoming economic releases, rather than a certain outcome.
Source: Bitcoin.com News
