K33: December is a window for building centers, and the pricing of panic has surpassed the fundamentals. K33 Research analyst, Vitly Lund, made a bold statement: the current Bitcoin price reflects panic sentiments rather than fundamentals.
He believes that the market is overreacting to "distant risks" such as the threat of quantum computing and the BTC selling strategy, while ignoring strong recent signals - 401(k) retirement accounts may be included in cryptocurrencies, and the Federal Reserve's stance has shifted to a more friendly position.
According to him, the likelihood of a market rise is much greater than the likelihood of an 80% drop. December could be a near turning point.$BTC
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