ChainCatcher reported that Markus Thielen expects Bitcoin to fall back first, potentially reaching the mid-to-high $70,000 range, before rebounding later this year. He also said Bitcoin is likely to outperform Ethereum. The update did not include further details on timing beyond the year-end rebound view, nor did it provide additional market data or supporting figures. The call centers on two points: a possible near-term pullback in Bitcoin and a relative performance view that favors Bitcoin over Ethereum. The report was published by ChainCatcher under its market analysis category.
According to ChainCatcher, Markus Thielen expects Bitcoin to pull back first and potentially fall into the mid-to-high $70,000 range before rebounding by year-end.
He also said Bitcoin is likely to outperform Ethereum.
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