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Analyst: BTC upside potential seems greater than short-term downside risk
BlockBeats news, on November 13th, BRN analyst Valentin Fournier stated that 'the upward momentum of BTC has paused. We believe this indicates that large investors may be taking profits, which could lead to a short-term pullback, and then the price will resume its pumping momentum.' Fournier stated that future events and technical indicators may suggest a potential reversal in price. 'Currently, the potential for upward movement seems greater than the short-term downside risks. However, the CPI data to be released today, if it exceeds expectations, may trigger market fluctuations.' (The Block)