Wintermute's Jasper De Maere predicts Bitcoin will consolidate between $86,000 and $92,000, according to a report from Blockbeats. De Maere advises caution in interpreting current technical signals and anticipates profit-taking in the coming weeks due to year-end tax strategies. He suggests this range may persist until a significant event, such as December's options expiry, occurs. Additionally, De Maere highlights that the fear and greed index indicates early signs of a bottom, suggesting the market is currently oversold.
Bitcoin Expected to Consolidate Between $86,000 and $92,000, Says Analyst
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This content is for informational purposes only and does not constitute investment advice.
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