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Matrixport co-founder: BTC may see a 15% pullback by the end of April

Matrixport co-founder: BTC may see a 15% pullback by the end of April

2024/02/28 14:03
BTC-0.37%

Matrixport co-founder Daniel Yan tweeted that market sentiment has entered a cautious phase, and BTC may experience a healthy pullback of around 15% by the end of April. He mentioned it is difficult to predict whether BTC will break through previous highs during this period or undergo a correction first.

He pointed out potential macroeconomic challenges in March, such as the Federal Reserve meeting and the BTFP plan. He advised long-term holders not to worry excessively but suggested that short-term traders closely monitor market trends in March.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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