Daniel Yang: “Bitcoin’s rise above $60,000 will lead to a correction

The co-founder of Matrixport warns crypto investors about a likely fall in digital asset prices amid euphoria from Bitcoin’s week-long rise. Daniel Yan states: greed has overcome fear, its index has reached a new critical level of 80%. According to a crypto expert, “extreme greed” warns of an imminent market correction, despite liquidity injections into Bitcoin ETFs and the price of the flagship cryptocurrency rising to $62,000.

Citing March macroeconomic uncertainty, Daniel Yang suggests there could be a market correction of around 15 to 20 percent by the end of April#Bitcoin$BTC