Based

Bitcoin

Time

James

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/is-it-time-to-buy-cryptocurrency/" data-wpel-link="internal">Is It Time to Buy Cryptocurrency?</a> 
<a href="https://coin-turk.com/binance-ceosu-cz-acikladi-bitcoin-btc-boga-kosusu-bu-tarihte-geliyor-btc-fiyati-icin-boga-yili" data-wpel-link="internal">Bitcoin</a> price has surpassed $67,500 and is finding buyers close to its new annual peak as this article is being prepared. Double-digit rises continue in altcoins, with particularly abnormal movements in meme coins. So, is it the right time to buy cryptocurrency? 
<h2 style="text-align: justify" id="is-it-time-to-purchase-cryptocurrency">Is It Time to Purchase Cryptocurrency?</h2> 
Four-year cycles are observed during <a href="https://en.coin-turk.com/analyst-jamie-coutts-predicts-bitcoins-price-to-hit-100000-by-2025/" data-wpel-link="internal">Bitcoin</a>‘s process of refreshing its all-time high and moving higher. With approximately 50 days left until the halving, investors are eyeing the next peak. According to Vetle Lunde, a senior analyst at K33 Research, current market conditions still represent an excellent period to buy according to historical data. 
<blockquote> 
 “Despite the tendency for post-halving performance to be sluggish, each halving has presented beautiful opportunities to enter the market. We have always seen that 150-400 days after the Bitcoin block reward halving, the compounded effects of suppressed miner selling pressure positively influenced <a href="https://en.coin-turk.com/ceo-of-better-markets-urges-sec-to-reject-spot-bitcoin-etfs/" data-wpel-link="internal">BTC</a>.” 
</blockquote> 
Bryan Legend, investor and CEO of Hectic Labs, believes that the pre-halving period could be a profitable time to hold Bitcoin. 
<blockquote> 
 “Holding BTC during the pre-halving period can be quite profitable. The pre-halving rally transforms investor sentiment into a new bull cycle, but timing the market to know when to exit at the peak is extremely difficult.” 
</blockquote> 
<h2 style="text-align: justify" id="btc-expert-opinions">BTC Expert Opinions</h2> 
BTC continues to push its annual peak even as this article is being written, now climbing to the $67,700 mark and not far from the $69,000 peak. CoinShares analyst James Butterfill notes that the total assets under management (AUM) in crypto funds are almost at their peak. 
<blockquote> 
 “Assets under management (AUM) have come very close to their all-time high of $82.6 billion after recent price increases, approaching the $86 billion set at the beginning of November.” 
</blockquote> 
Sergei Gorev, a risk manager at YouHodler, comments on the current period; 
<blockquote> 
 “Spot Bitcoin ETFs are buying 10 times more Bitcoin daily than miners produce.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-322990 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/BTC-Tarihsel-Halving-Performans.png" alt="" width="1155" height="650"> 
This gives us a much better understanding of the supply scarcity story. We have seen demand for BTC from ETF channels up to 20-30 times the daily issuance. Turning back to expert opinions, according to Lunde from K33 Research, Bitcoin’s price will enter a consolidation phase after the halving. 
<blockquote> 
 “The pre-halving rally results from a combination of traders who bought in advance and miners holding a larger portion of their rewards. Immediately after the halving, the hashrate tends to drop, block production slows from 10 minutes to 15-25 minutes, causing uncertainty to rise. Based entirely on past performance data and the diminishing effect of halving rallies, Bitcoin could see a rally of 130-150% following the halving, potentially leading to a peak of $125,000 – $150,000 in 2025.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/is-it-time-to-buy-cryptocurrency/" data-wpel-link="internal">Is It Time to Buy Cryptocurrency?</a></h5>

Is It Time to Buy Cryptocurrency?

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