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Analysis: It is expected that Bitcoin will experience a significant pullback before reaching a new all-time high.
Golden Finance reports that market analyst Jordi Visser indicates that Bitcoin will experience multiple significant pullbacks of over 20% on its way to new highs, similar to Nvidia, including a potential pullback that could occur in the fourth quarter of this year. Visser views Bitcoin as part of "AI trading" and believes that as artificial intelligence impacts traditional industries, investors will turn to Bitcoin as the best store of value in the digital age. He emphasizes that Nvidia has risen over 1000% since the launch of ChatGPT, during which it experienced five pullbacks of over 20%; Bitcoin is expected to repeat a similar trend. Currently, the price of Bitcoin is around $110,000, down about 11% from its historical high, and there are still differences in the market regarding whether it can break new highs by the end of the year.