TechFlow news, according to Coindesk, while some in the market predict that Bitcoin may decline in the near term and find support between $32,000 and $38,000, Fidelity's Global Macro Director Timmer expects the recent gains to be consolidated.
Timmer said the current trend in Bitcoin's price suggests a short-term positioning adjustment rather than a reversal of the long-term trend. "There are no shortage of participants 'equitizing' future spot positions through futures markets or Bitcoin stocks."
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