Bitcoin Just Underwent Major Trend Change, According to Economist and Trader Alex Krüger – Here’s His Outlook
In a recent interview on the Unchained Podcast YouTube channel, economist Alex Krüger shared his bullish outlook on Bitcoin, stating that he believes the cryptocurrency is in a new trend that will continue to rise.
Krüger pointed to Bitcoin’s recent recovery to the $60,000 range as evidence of a major trend change, dismissing concerns about the impact of the repayments of defunct crypto exchange Mt. Gox and the German government selling confiscated Bitcoin.
According to Krüger, the market will be able to absorb the new influx of Bitcoin without negatively affecting the bullish trend. He highlighted the distribution of 141,000 Bitcoins from Mt. Gox, with 95,000 set to be distributed within 90 days to various creditors.
Despite Bitcoin trading slightly down at $63,984 at the time of writing, Krüger remains optimistic about the cryptocurrency’s future price trajectory.
As Bitcoin continues to capture the attention of investors and traders, Krüger’s positive outlook on the digital asset’s trend change is likely to fuel further interest and speculation in the market.
Investors are advised to conduct their own research and due diligence before making any high-risk investments in Bitcoin or other cryptocurrencies, as the market remains volatile and unpredictable.
