Bitcoin risk is close to the level in 2017, but still bullish in the short term

Recently, Timothy Peterson, global macro investment manager at can Island, pointed out: “the risk of bitcoin is approaching the level of 2017. Investors who buy at the current price may lose 40% of their investment at some point in the future. However, the typical maximum decline is 30%, so the risk is only slightly higher than average. ” After that, Peterson also pointed out that bitcoin still has a short-term bullish reason: “bitcoin must be valued at least $80000 to reach the 2017 level. This possibility is very small, if it does happen, it will happen soon. The current high price has a further upward trend

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