When Will BTC's Next Bullish Trend Start?
The price of Bitcoin once fell below $39,000 yesterday and rebounds to $40,000 today.
After this significant drop, retail investors believe that BTC will continue to decline?
Asurvey by Deutsche Bank indicates that many retail investors still think Bitcoin will further decrease by the end of this year.
More than one-third of respondents believe that by January next year, Bitcoin will drop below $20,000.
Some investors say 35000-36000 might be a key level for Bitcoin in Feb.
When will the next bullish trend for BTC start?
Historical cycles suggest that Bitcoin often experiences rapid growth after halving.
BTC halvening occurs every four years.
The most recent one occurred on May 11, 2020, and the next one is expected in April 2024.
This implies a high probability of Bitcoin's price rebounding in Q2.
If Bitcoin price hits bottom and rises in April, market trading volume is likely to increase.
Following the surge in Bitcoin's price, crypto stocks are expected to profit. Among them, the custodian of spot BTC ETF - $Coinbase Global, Inc.(COIN)$ is suggested as a better choice.
When will the next bullish trend start?
What’s your target price for Bitcoin?
Will you bottom spot Bitcoin ETF?
At what price?
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When will the next bullish trend start?
What’s your target price for Bitcoin?
Will you bottom spot Bitcoin ETF?
At what price?
Leave your comments and also post to win tiger coins~~~
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隨着比特幣價格飆升，加密股票有望獲利。其中現貨BTC ETF的託管人-$Coinbase Global，Inc。(COIN)$被認爲是更好的選擇。
I guess the target price is USD70000
basing on historical data (though past performance does not dictate future performance) it can be learned that there is a trend... so it's likely that history may repeat itself.
bitcoin is volatile so always trade within limit and not aggressively... always have risk mgt.
Probably mid year 24 till 25, we'll see.
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Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Waiting patiently...