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21Shares still maintains its bullish view, expecting Bitcoin to recover to the base case of $100k by the end of this year.
Post-Halving Trends Are Familiar, No "Capitulation Selling" Seen in the Market
In response to the recent price correction, the report points out that Bitcoin's current trajectory "still looks familiar," closely aligning with the historical volatility patterns after the Halving. Notably, the magnitude of this correction is far smaller than the plunges of over 80% seen in past cycles.