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When Will BTC's Next Bullish Trend Start?
@Tiger_comments: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? Leave your comments and also post to win tiger coins~~~
When Will BTC's Next Bullish Trend Start?Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.