Healthy pullback may strengthen the ‘$100K case’ for Bitcoin

Fundstrat Lead Digital Asset Strategist David Grider thinks that bitcoin is still on track to hit $100,000 despite the current correction that saw the coin plummeting by nearly 20% from its all-time high of $65,000.

Grider says that a healthy pullback may even strengthen the bull case for the flagship cryptocurrency.

“We don’t see this necessarily as something that’s taking us to necessarily, like, a 2017 type market top, but more so as something where the market needs to have a healthy cooling-off period before the market can continue forward,” Grider said in an interview with Yahoo Finance.

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