BlockBeats News, February 20 — UniCredit strategist Thomas Strobel stated that recent declines in Bitcoin mainly reflect weak market sentiment and macroeconomic pressures, even as concerns over US regulation ease and policy risks decrease.
The bank currently maintains a neutral stance, estimating Bitcoin’s fair value at approximately $75,000. If the price drops about 35% below this level, especially if it remains below $50,000, it could indicate deeper structural changes. To achieve a rebound, market sentiment may need to improve, ETF capital inflows could increase, and liquidity conditions may need to improve.
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