Analysis: Bitcoin is expected to experience a significant pullback before reaching a new all-time high

Jinse Finance reported that market analyst Jordi Visser stated that Bitcoin, on its way to new highs, will experience multiple significant corrections of over 20%, similar to Nvidia, including a possible adjustment in the fourth quarter of this year. Visser regards Bitcoin as part of the "AI trade," believing that as artificial intelligence disrupts traditional industries, investors will turn to Bitcoin as the best store of value in the digital age. He emphasized that Nvidia has risen more than 1000% since the launch of ChatGPT, experiencing five corrections of over 20% during this period, and Bitcoin is expected to follow a similar trend. Currently, the price of Bitcoin is around $110,000, down about 11% from its all-time high, and there is still disagreement in the market about whether it can reach new highs by the end of the year.