bullish

Bitcoin

April

<ul>
 <li>Bitcoin typically faces price challenges 1-3 months after halving, as noted by VanEck’s Matthew Sigel in an August 19 interview with CNBC.</li>  
 <li>Forced selling, including Germany's sale of 49,858 Bitcoin, has contributed to recent price struggles, but market recovery is expected.</li>  
 <li>A rise in global liquidity and the upcoming US election are seen as potential catalysts for Bitcoin to approach or exceed its all-time highs.</li> 
</ul>  
<p>Bitcoin’s recent price struggles align with historical patterns seen after its halving events, according to Matthew Sigel, head of digital assets research at VanEck.&nbsp;</p>  
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<p>In an interview with CNBC on August 19, Sigel noted that Bitcoin typically faces challenges one to three months after a halving, with the most recent one occurring in April. Now that forced selling pressure has subsided, Sigel anticipates a potential recovery as these seasonal effects begin to fade.</p>  
<h2 class="wp-block-heading" id="h-forced-selling-and-market-trends"><strong>Forced Selling and Market Trends</strong></h2>  
<p>Bitcoin’s current price action has been heavily influenced by a wave of forced selling following the April halving. The German government’s sale of 49,858 Bitcoin in July, <a href="https://cryptonewsland.com/german-government-sells-remaining-bitcoin-reserves-influences-market/" target="_blank" rel="noopener noreferrer nofollow">generating</a> $2.6 billion, was one of the significant events contributing to this downward pressure.&nbsp;</p>  
<p>Additionally, creditors of the bankrupt crypto exchange Mt. Gox have started <a href="https://cryptonewsland.com/mt-gox-creditors-face-stringent-conditions/" target="_blank" rel="noopener noreferrer nofollow">receiving</a> their repayments, with many choosing to hold onto their Bitcoin rather than sell, adding to the market’s recent turbulence.</p>  
<p>Analysts highlight that post-halving challenges are typical, with Bitcoin often <a href="https://cryptonewsland.com/ultimate-2024-post-halving-crypto-guide/" target="_blank" rel="noopener noreferrer nofollow">struggling</a> for a few months before gaining momentum again. As these factors play out, the market may soon see a shift toward recovery, especially now that the forced selling is already done.</p>  
<h2 class="wp-block-heading" id="h-liquidity-surge-and-potential-upswing"><strong>Liquidity Surge and Potential Upswing</strong></h2>  
<p>Bitcoin might be about to enter a bullish phase, according to some experts, because global liquidity is increasing. This optimism is fueled by the belief that the market would return to a more 'pro-liquidity environment' by 2025, potentially propelling Bitcoin above its previous all-time high of $73,679.</p>  
<h2 class="wp-block-heading" id="h-market-attitude-and-the-us-election"><strong>Market Attitude and the US Election</strong></h2>  
<p>Market dynamics for Bitcoin are likely to be significantly <a href="https://cryptonewsland.com/bitcoins-surge-to-100k-before-us-election-predicted-by-standard-chartered/" target="_blank" rel="noopener noreferrer nofollow">affected</a> by the impending US presidential election. According to Sigel and other analysts, macroeconomic policies will probably stay the same, which means they will keep supporting a pro-liquidity atmosphere, which might be good for Bitcoin regardless of the election result.</p>  
<p>As the effects of forced selling wane and global liquidity surges, Bitcoin is poised for a potential recovery. Analysts, including Matthew Sigel, suggest that the seasonal struggles following April’s halving are beginning to subside, setting the stage for a renewed bullish phase.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/vaneck-analyst-predicts-bitcoin-recovery-as/" rel="noopener noreferrer nofollow">VanEck Analyst Predicts Bitcoin Recovery as Post-Halving Effects Diminish</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

VanEck Analyst Predicts Bitcoin Recovery as Post-Halving Effects Diminish

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