Banmu Xia: There is no need to be overly bearish on Bitcoin in the next 1-2 months; the trend will soon become clear

Chinese cryptanalysis expert Banmuxia stated on social media, "It is no longer appropriate to be firmly bullish on Bitcoin at the moment, but there is no need to be overly bearish in the next 1-2 months. There may be a wave of adjustment around March or April next year.

If there is a significant outflow of ETF funds, a sharp decline may occur, and Bitcoin could drop below $80,500 or even fall to $71,000, but this is a low-probability event. Currently, the volatility of Bitcoin has narrowed to the extreme, and it will soon break out in a direction."