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Bankless co-founder: Bitcoin may have entered a period of sideways and range-bound trading, and the bottom has basically already formed
BlockBeats, July 16: David Hoffman, co-founder of Bankless, said in a post that Bitcoin’s current trend faces two possible paths: a sideways range to wear down the bottom, or a final round of panic selling.
He believes Bitcoin is more likely to enter a sideways bottoming phase, and that the bottom has basically already formed.