TechFlow news, Andrew Kang, co-founder of Mechanism Capital, posted on X platform stating that most market participants have failed to recognize the significant implications of Bitcoin (BTC) potentially losing a four-month range. He noted that the current situation resembles the market in May 2021, when BTC and altcoins experienced a parabolic rise. Kang indicated that his initial estimate of a $50,000 low might be too conservative, and he expects a more extreme pullback to $40,000, which would severely damage the market and require months of volatility or downtrend before resuming an upward trajectory.
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