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Is Bitcoin Going to Go Back Up?

Published by
Nidhi Kolhapur

Bitcoin remains under pressure in the short term, but several factors suggest the longer-term outlook is still constructive. Morgan Stanley added about $13.2 million in Bitcoin over the past week and has not sold any of its holdings since May. Its Bitcoin ETF has also attracted more than $377 million in cumulative inflows. While analyst expects Bitcoin dominance to decline as Ethereum gains relative strength, continued institutional buying could provide support for Bitcoin if broader market conditions improve.

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Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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