CNBC's Investment Committee just dropped a pretty pessimistic take on Bitcoin. Their stance? Don't expect crypto to bounce back until BTC finds some solid ground. They're pointing to October 6th as the moment crypto assets hit their ceiling. And here's the kicker—according to them, there's zero indication right now that suggests any kind of reversal is coming. No bullish signals on the radar. Basically, they're saying the market's stuck in limbo until Bitcoin decides which way it wants to go. Ethereum and the rest of the altcoin space? They're just along for the ride, waiting for BTC to make the first move.
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CNBC's Investment Committee just dropped a pretty pessimistic take on Bitcoin. Their stance? Don't expect crypto to bounce back until BTC finds some solid ground. They're pointing to October 6th as the moment crypto assets hit their ceiling. And here's the kicker—according to them, there's zero indication right now that suggests any kind of reversal is coming. No bullish signals on the radar. Basically, they're saying the market's stuck in limbo until Bitcoin decides which way it wants to go. Ethereum and the rest of the altcoin space? They're just along for the ride, waiting for BTC to make the first move.