PANews reported on December 7th, citing CoinDesk, that K33 Research analyst Vetle Lunde stated that December could be a turning point for the recent crypto market, with structural upside potential forming. Bitcoin's current valuation reflects market panic more than fundamental factors, and the probability of a significant market rally is far greater than the probability of another 80% drop. December may present a good opportunity for aggressive buying. K33 believes the market is overreacting to distant threats, such as the risks of quantum computing and a potential sell-off of Bitcoin by Strategy (MSTR), while ignoring recent strong signals, including the potential allowance of cryptocurrencies in 401(k) retirement accounts and the Federal Reserve's shift towards supporting cryptocurrencies.PANews reported on December 7th, citing CoinDesk, that K33 Research analyst Vetle Lunde stated that December could be a turning point for the recent crypto market, with structural upside potential forming. Bitcoin's current valuation reflects market panic more than fundamental factors, and the probability of a significant market rally is far greater than the probability of another 80% drop. December may present a good opportunity for aggressive buying. K33 believes the market is overreacting to distant threats, such as the risks of quantum computing and a potential sell-off of Bitcoin by Strategy (MSTR), while ignoring recent strong signals, including the potential allowance of cryptocurrencies in 401(k) retirement accounts and the Federal Reserve's shift towards supporting cryptocurrencies.
Analysis: December may be a turning point for the crypto market in the near term, with a significant upward trend far outweighing any further decline.
PANews reported on December 7th, citing CoinDesk, that K33 Research analyst Vetle Lunde stated that December could be a turning point for the recent crypto market, with structural upside potential forming. Bitcoin's current valuation reflects market panic more than fundamental factors, and the probability of a significant market rally is far greater than the probability of another 80% drop. December may present a good opportunity for aggressive buying. K33 believes the market is overreacting to distant threats, such as the risks of quantum computing and a potential sell-off of Bitcoin by Strategy (MSTR), while ignoring recent strong signals, including the potential allowance of cryptocurrencies in 401(k) retirement accounts and the Federal Reserve's shift towards supporting cryptocurrencies.
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