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The Top Is In: Cashing Out Of Our Bullish View On Crypto

by Juan Manuel Correa, Chief Strategist   Artem Sakhbiev, FX Strategist  

In this report, we reassess our bullish stance on crypto from early 2023, following Bitcoin’s recent all-time highs. While institutional adoption is broadening, there are also signs of excessive exuberance, speculation, and optimism. Given these conditions, a near-term correction appears likely. We are booking profits and will look to re-enter the market at $75,000.

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