Bitcoin

Show

Andy

<p>As the cryptocurrency market experiences temporary turbulence, Bitcoin experts are rallying against the spreading fear, uncertainty, and doubt (FUD), presenting compelling arguments for maintaining a bullish outlook on the world’s largest digital asset.</p>
<h2 class="wp-block-heading" id="consolidation-and-continuation-patterns">Consolidation and Continuation Patterns</h2>
<p>Renowned crypto analyst <a href="https://twitter.com/rovercrc/status/1778690767927808360?t=zNRYyCgGhuVZeyxx5ejbVA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Crypto Rover (@rovercrc)</a> highlights several factors that should dispel bearish sentiments surrounding Bitcoin (BTC). Despite the ongoing market volatility, BTC has maintained a strong foothold above the $60,000 mark for an impressive 46 days, consolidating below its all-time high.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="553" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-630-1024x553.png" alt="" class="wp-image-473678" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-630-1024x553.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-630-300x162.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-630-767x414.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-630-1536x829.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-630-2048x1106.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-630-278x150.png 278w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-630-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-630-648x350.png 648w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-630-788x425.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-630.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>According to Rover, this consolidation phase is forming a continuation pattern, which typically follows a parabolic rally. Such patterns are often interpreted as a bullish signal, suggesting that the upward trajectory may soon resume.</p>
<h2 class="wp-block-heading" id="the-halving-catalyst">The Halving Catalyst</h2>
<p>Adding to the bullish narrative is the rapidly approaching Bitcoin halving event, scheduled to occur in just seven days. Historically, halvings have been associated with significant price surges for BTC, as the reduction in new coin supply impacts the overall scarcity and perceived value of the asset.</p>
<p><a href="https://twitter.com/CryptoAndyUK/status/1778699930963509601" target="_blank" rel="noopener noreferrer nofollow">Crypto Andy (@CryptoAndyUK)</a>, another prominent voice in the industry, echoes Rover’s sentiment, emphasizing the imminent halving as a potential catalyst for Bitcoin’s ascent to new all-time highs.</p>
<h2 class="wp-block-heading" id="institutional-adoption-and-macro-factors">Institutional Adoption and Macro Factors</h2>
<p>Beyond technical analysis, Crypto Andy highlights several macro factors that further strengthen the case for Bitcoin’s bullish prospects. The recent surge in gold prices, often considered a safe-haven asset, is viewed as a positive signal for Bitcoin, which is increasingly being recognized as a digital store of value.</p>
<p>Moreover, the potential approval of Bitcoin Exchange-Traded Funds (ETFs) in Hong Kong could open the floodgates for institutional investment, providing a much-needed liquidity boost to the market.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="dismissing-the-fud">Dismissing the FUD</h2>
<p>Amid the ongoing FUD surrounding Bitcoin and other cryptocurrencies, experts like Crypto Andy remain unfazed. “Whilst you listen to FUD – #BITCOIN is looking for a new ATH,” he asserts, underscoring the resilience of the asset class in the face of negative narratives.</p>
<p>Furthermore, Andy attributes the underperformance of certain altcoins, like VRA, to the proliferation of “Proof-of-View” (POV) tokens, which are often criticized for their perceived lack of real-world utility.</p>
<p>As the halving event draws nearer and institutional adoption continues to gain momentum, Bitcoin experts are rallying behind the flagship cryptocurrency, dismissing the FUD and presenting a compelling case for a bullish outlook in the face of market volatility.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-experts-explain-why-you-shouldnt-be-bearish-on-btc-despite-the-ongoing-fud/" rel="noopener noreferrer nofollow">Bitcoin Experts Explain Why You Shouldn’t Be Bearish on BTC Despite the Ongoing FUD</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Experts Explain Why You Shouldn’t Be Bearish on BTC Despite the Ongoing FUD

Table of Contents

CaptainAltcoin

Other articles published on Apr 12, 2024

BingX Accused of Enabling Sanctions Violations in Iran

Terra Luna Classic Community Votes on Crucial Proposal to Establish LUNC Core Team

Uniswap’s Market Struggles: A Deep Dive into UNI’s Price Drop

What’s the Latest Update on Creta World?

Litecoin (LTC) Breaks Records: 5 Million Long-Term Holders Signal Major Market Shift

Kitty Queen Coin Rallies 2,024% and Burns 40% of Supply on Launch Day, But Can It Challenge SHIB ...

Join our free newsletter for daily crypto updates!