On June 14, Andrew Kang, a partner at Mechanism Capital, posted on social media stating that “the measures taken by Trump during the trade war” were the absolute bottom for Bitcoin. The current market environment is very favorable for Bitcoin to continue its upward fluctuations. It is expected that it will be difficult to see a pullback of more than 30% before Bitcoin reaches at least $140,000 to $160,000.
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Mechanism Capital Partner: Bitcoin may experience a significant pullback only after rising to $140,000-$160,000.
On June 14, Andrew Kang, a partner at Mechanism Capital, posted on social media stating that “the measures taken by Trump during the trade war” were the absolute bottom for Bitcoin. The current market environment is very favorable for Bitcoin to continue its upward fluctuations. It is expected that it will be difficult to see a pullback of more than 30% before Bitcoin reaches at least $140,000 to $160,000.