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Bitcoin’s lack of ‘crazy’ year-end price means no hard crash in Q1: Pomp

Cointelegraph
Anthony Pompliano suggests Bitcoin's compressed volatility and lack of a year-end rally reduce the chance of a major Q1 crash.

Summary

Bitcoin entrepreneur Anthony Pompliano stated that the absence of an expected "blowoff top" or a 'crazy' year-end rally for Bitcoin, despite its strong multi-year compounding performance, suggests a lower probability of a significant crash in the first quarter of next year. He noted that while holders might be disappointed by the lack of extreme upside, the current compression in volatility offers "some degree of safety" on the downside, making a large 70% or 80% drawdown surprising. At the time of the interview, Bitcoin was trading around $87,436, down slightly for the year. This view contrasts with some analysts, like Peter Brandt and Jurrien Timmer, who predict potential price drops to $60,000 or $65,000 by 2026.

(Source:Cointelegraph)