Bitcoin is overdue for a correction. How low could it go after Trump’s inauguration?
Bitcoin could fall by $20,000 after the open as global money supply has fallen by $4.1 trillion over the past two months.
US equity funds lost $50.2 billion in a single week, and Bitcoin ETFs saw $300 million in outflows, indicating investor withdrawal.
Bitcoin fell to $92,000 after leveraged positions collapsed but has since rebounded to $99,500, though the recovery appears weak.
