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#CryptoMarketPullback
Analyst warns: Bitcoin decline may last longer than expected
added that the “massive rotation” from metals to crypto might be unfounded.
According to Trading Economics, gold and silver prices recently reached all-time highs of $5,608.33 and $121.64, respectively.
Citi predicts silver will not slow down
On Tuesday, Citi forecasted that with Chinese demand and the US dollar hitting four-year lows, silver could climb to $150 within the next three months.
However, Cowen emphasized that the rotation into Bitcoin is “likely not to happen in the short term.”