Mechanism Capital Partner: Bitcoin Likely to Continue Gradual Uptrend, Unlikely to See Over 30% Pullback in the Short Term
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Andrew Kang, partner at Mechanism Capital, stated on social media, "The measures taken by Trump during the trade war era marked the absolute bottom for Bitcoin. The current market environment is highly favorable for Bitcoin to continue its upward momentum. It is expected that a deep correction of more than 30% will be difficult to occur before Bitcoin reaches at least $140,000 to $160,000."
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