deVere Group CEO: Bitcoin may experience a short-term correction, expected to reach $120,000 in the first quarter of next year

ChainCatcher news, according to Jin10 reports, deVere Group CEO Nigel Green stated that after breaking through psychological barriers, Bitcoin may experience a short-term sell-off. "It is natural for some investors to lock in profits after such a rapid increase in such a short time. This sell-off may only be temporary, and thereafter Bitcoin's momentum will further strengthen, potentially soaring to $120,000 as early as the first quarter of next year." "Bitcoin's extraordinary performance comes as the market anticipates that Trump 2.0 will create a more favorable regulatory framework for cryptocurrencies. Investors are betting on the incoming U.S. president's supportive stance on cryptocurrencies."