TechFlow news, April 28 — According to Cointelegraph, Peter Chung, Head of Research at quantitative trading firm Presto, reiterated his forecast that Bitcoin will rise to $210,000 by the end of 2025. Chung stated that global liquidity expansion is the main driver behind his long-term bullish outlook for Bitcoin. He also acknowledged that this year's market environment has not been as favorable as expected, particularly due to challenges in macroeconomic conditions and market responses. However, he described the recent market pullback as a "healthy" adjustment, believing it lays a stronger foundation for Bitcoin to advance toward mainstream financial asset status. He said: "Looking back, I think this was actually a healthy correction, paving the way for Bitcoin to be repriced further as a mainstream asset."
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