2024

Bitcoin

when

mirror

<p>Analysts’ recollection of past bull runs is what channels hope for a possible price hike in Bitcoin. According to the latest figures from CryptoQuant, an on-chain analysis firm, fresh buying from these recent buyers could be a prelude to an impending market top—as was the case in the past with 2017 and 2021.</p>
<h2 class="wp-block-heading" id="market-dynamics-signal-coming-bitcoin-peak">Market dynamics&nbsp; signal coming Bitcoin peak</h2>
<p>According to the<a href="https://twitter.com/cryptoquant_com/status/1778362971242053682" rel="noopener noreferrer nofollow" target="_blank"> data </a>from CryptoQuant, the signs for the prediction of the end of a buying cycle, and one of Bitcoin’s peaks, in many cases lies in tracking the number of Bitcoins held for less than six months.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The peak of a bull market is determined by the influx of new investors<br><br>“We can expect that the market has not yet reached its peak, &amp; since we can now expect additional inflows from <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Bitcoin</a> ETFs, we could see a sharp further rise in <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$BTC</a>.” – By <a href="https://twitter.com/DanCoinInvestor?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@DanCoinInvestor</a> <br><br>Link 👇… <a href="https://t.co/wjQFrO87xn" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/wjQFrO87xn</a></p>— CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1778362971242053682?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">April 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The decrease of BTC held more than half a year shows that old investors are more active in the market and new players like to speculate and make a quick profit. This trend was previuoslly the main marker of significant surges in Bitcoin’s price.&nbsp;</p>
<p>In the past, 2017 or 2021 to be exact, when the price of Bitcoin climbed, about a 7 to 9-month span elapsed from the moment when new market entrants would observe a substantial growth.</p>
<p>The business points out that the peak season in winter time hit again lately, the same phenomenon as in 2024, also preparations for the next major uptick of the market in the forthcoming months.</p>
<h2 class="wp-block-heading" id="implications-of-etfs-on-crypto-market-growth">Implications of ETFs on crypto market growth</h2>
<p>Besides adding to on-going momentum of the cryptos, the recent emergence of new financial assets, like Bitcoin ETFs, which enable wider investments from the crowd, has indeed made the cryptocurrencies even more popular.&nbsp;</p>
<p>The fate of these products will be strategic for the market and analysts say that these tools will induce more capital in the market. According to analysts, the market appears to remain unripe, and the trend may ascend further given the recent BTC ETF inflows.&nbsp;</p>
<p>Such injection of new investment vehicles has not only magnetized fresh capital for the industry but it has also been able to look at cryptocurrency as a serious industry by the traditional investors. Hence, it may pave the way for the industry to experience sustained and stable growth.</p>
<h2 class="wp-block-heading" id="predictive-forecasting-call-for-cautiousness">Predictive forecasting call for cautiousness</h2>
<p>&nbsp;As optimism is driven by Bitcoin’s possibility to clone itself unlimitedly, investors should still handle these statements with discretion. The perspective of cryptocurrency market on volatility is no secret to anyone and even though historical data can be used for analysis it is not an unimpeachable prognostic of a future outcome of the coin price.&nbsp;</p>
<p>The next-coming month will be the sort of assessment period, which will either mirror the previous cycles and turn into a new wave of investors for Bitcoin or remain ignored by the majority at the moment.&nbsp;</p>
<p>As this market continues to grow, being aware of all its phases and changes will be the small step necessary to overcome the difficulties arising from them.</p>

Analysts predict Bitcoin Boom as new investors flood the market

Table of Contents

Cryptopolitan_News

Other articles published on Apr 11, 2024

Binance Labs shifts investment focus to Bitcoin DeFi

Saga Price Prediction: SAGA Plunges 9% As Traders Shift Focus To This Multi-Chain Dogecoin Deriva...

Masa Announces MASA Token Listing on Leading Exchanges as It Launches Its AI Data Network Mainnet...

MFERS Price prediction: MFERS Soars 98% As Experts Say This Solana Airdrop Crypto Might Be The Be...

MarginFi, Solend dispute sends shockwaves through Solana ecosystem

Smart Money Who Recently Sold $1,000,000 Ripple (XRP) Now Accumulating Solana (SOL) and This Smal...

Join our free newsletter for daily crypto updates!