Andre Dragosch, head of research at Bitwise Europe, predicts further declines in Bitcoin's (BTC) price in the near term. Citing continued tightening of financial conditions despite the Federal Reserve's rate cuts, Dragosch suggests that BTC's rally may be hindered. However, he acknowledges the potential for BTC as a long-term investment due to its supply and demand dynamics. This analysis provides valuable insights for investors navigating the current market conditions.

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