According to sources, Mechanism Capital partner Andrew Kang recently shared his insights on the current Bitcoin market on social media. He pointed out that historically, Bitcoin's absolute bottom has coincided with policy measures during trade friction periods. Andrew believes that the current market environment is very favorable for Bitcoin's continued upward oscillation. He also predicts that before Bitcoin's price reaches the range of $140,000 to $160,000, the market is unlikely to see a significant pullback of more than 30%. This view has sparked investor attention and discussion regarding Bitcoin's mid-term trend.
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According to sources, Mechanism Capital partner Andrew Kang recently shared his insights on the current Bitcoin market on social media. He pointed out that historically, Bitcoin's absolute bottom has coincided with policy measures during trade friction periods. Andrew believes that the current market environment is very favorable for Bitcoin's continued upward oscillation. He also predicts that before Bitcoin's price reaches the range of $140,000 to $160,000, the market is unlikely to see a significant pullback of more than 30%. This view has sparked investor attention and discussion regarding Bitcoin's mid-term trend.