Eric Balchunas, senior ETF analyst at Bloomberg, contributed to a debate about whether Bitcoin’s $126,000 price level marks a cycle peak. The discussion was prompted by other analysts proposing that $126K might be the market top instead of a milestone toward higher prices. Balchunas highlighted the uncertainty due to variables like institutional flows and liquidity impacting Bitcoin’s price trajectory.
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Bloomberg Analyst Questions if $126K Is Bitcoin’s Peak in Current Cycle
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