Market expert Andre Dragosch from Bitwise warns of possible further declines in Bitcoin's price following an 8% drop last week, marking the most significant loss since August. The cryptocurrency fell to nearly $95,000 as tighter financial conditions and hawkish Federal Reserve signals shook market confidence, leading to declines in traditional markets. Although caution is advised due to the risk-off sentiment, Dragosch sees potential buying opportunities amid ongoing supply deficits in Bitcoin. He expresses concerns about the Fed's hesitation to cut rates aggressively in fear of accelerating inflation. Dragosch, who previously predicted a BTC price rally earlier this year, suggests that while buyers may face short-term pain, the cryptocurrency's scarcity could present long-term growth opportunities as financial tightening pressures the Fed to act.

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