PANews reported on November 8th, citing Cointelegraph, that macro analyst and investor Mel Mattison stated in a YouTube interview posted on Friday that Bitcoin's rapid rise to $250,000 could lead to a "bubble top," at which point investors would rush to take profits. "One of the worst-case scenarios is that Bitcoin surges to $250,000 in three months, while the S&P 500 also rises to 8,000 points. Then there's a price crash, everyone rushes to sell and take profits, and the price starts to fall." Mel Mattison stated that Bitcoin is currently experiencing a "healthy rotation."PANews reported on November 8th, citing Cointelegraph, that macro analyst and investor Mel Mattison stated in a YouTube interview posted on Friday that Bitcoin's rapid rise to $250,000 could lead to a "bubble top," at which point investors would rush to take profits. "One of the worst-case scenarios is that Bitcoin surges to $250,000 in three months, while the S&P 500 also rises to 8,000 points. Then there's a price crash, everyone rushes to sell and take profits, and the price starts to fall." Mel Mattison stated that Bitcoin is currently experiencing a "healthy rotation."
Analysts: If Bitcoin surges to $250,000 within three months, it could trigger a "bubble peak."
PANews reported on November 8th, citing Cointelegraph, that macro analyst and investor Mel Mattison stated in a YouTube interview posted on Friday that Bitcoin's rapid rise to $250,000 could lead to a "bubble top," at which point investors would rush to take profits. "One of the worst-case scenarios is that Bitcoin surges to $250,000 in three months, while the S&P 500 also rises to 8,000 points. Then there's a price crash, everyone rushes to sell and take profits, and the price starts to fall." Mel Mattison stated that Bitcoin is currently experiencing a "healthy rotation."
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