Bitcoin (CRYPTO: BTC) continues to struggle between $90,000 and $100,000, but prominent analysts and traders remain upbeat about its prospects in the first quarter of 2025.
What Happened: Veteran crypto trader and Asymmetric Fund CEO Joe McCann shared his “tactical short-term bearish” outlook for the cryptocurrency market in an appearance on the Blockworks macro podcast on Jan. 9.
While acknowledging short-term bearish trends, McCann remains optimistic about Q1 as a seasonally profitable period, driven by a combination of macroeconomic factors and crypto-specific catalysts.
“The market is telling you something. You can either deny what you’re seeing or embrace it and manage your risk appropriately,” McCann explained, pointing to Bitcoin’s rejection at key resistance levels and reduced ETF …
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