Bitcoin Bear Trap and Silver's Potential Surge: Expert Insights
Bitcoin's Bear Trap Scenario
Samson Mow, CEO at JAN3, highlights Bitcoin's current bear trap formation. This occurs when the asset appears to decline, prompting traders to short it, only for the price to rebound sharply. Despite Bitcoin's recent 4.3% drop to $83,800, Mow remains bullish, predicting a strong reversal that could catch short sellers off guard.
Silver's Short-Term Edge Over Bitcoin
Robert Kiyosaki, renowned for his Bitcoin advocacy, suggests silver may outperform Bitcoin and gold in the next few months. He forecasts silver reaching $75 this year and $200 within two years, driven by rising industrial demand. Currently trading at $35 per ounce, silver's potential surge could offer significant returns for investors.
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