Analyst: Bitcoin is expected to reach a new high by the end of this quarter

ChainCatcher news, Swyftx chief analyst Pav Hundal stated that the current bearish sentiment has become very tense, and the macro environment for cryptocurrencies suggests that Bitcoin is expected to reach new highs by the end of this quarter.

BitMEX co-founder Arthur Hayes previously predicted that Bitcoin could fall to the range of $70,000 to $75,000, which, if it happens, could trigger a "mini financial crisis." However, Dr. Sean Dawson, head of research at Derive, recently stated that the likelihood of Bitcoin dropping to the $75,000 level in the first quarter is less than 10%.