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Bitcoin could fall to the mid-$70,000 range in the near term but still rebound to $90,000 by year-end, 10x Research founder Markus Thielen said in a recent interview with Cointelegraph.
Thielen said the market appears to be in a short-term correction phase, with BTC potentially declining further into the mid-to-upper $70,000s before recovering. He added that the Federal Reserve may adopt a more cautious monetary policy stance in early December, including signaling the possibility of an additional rate hike, and said more market-friendly conditions could then emerge and support a year-end rally. Thielen also said Bitcoin would likely post stronger gains than Ethereum.