2024

Bitcoin

Read

Time

<ul>
 <li>Bitcoin currently in a 20% correction phase.</li>
 <li>Potential rebound anticipated post-Grayscale sell-off.</li>
 <li>Investors eye a significant surge to an all-time high.</li>
</ul>
<p>In the rapidly shifting landscape of cryptocurrency, Bitcoin has recently experienced a notable 20% correction, prompting investors and market analysts to pay close attention to the unfolding trends. This phase demands careful observation of retail investor behavior and news developments, as they can be key indicators of the market’s next move.</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">Market needs close observation these days, we corrected 20% already. Now we need to observe retails and news behaviour. We buy instantly the fear<br><br>Remember BlackRock investors are buying <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> these days, once Grayscale selling is over markets will skyrocket to ATH<br><br>Patience <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/23f3.png" alt="⏳" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— Doctor Profit <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1749869556607090989?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The current market scenario underscores the importance of staying vigilant and being prepared to act swiftly. The advice to “buy instantly the fear” reflects a strategy often employed by seasoned investors, who look for opportunities to invest during market downturns, anticipating future rebounds.</p>
<p>Adding to the market dynamics is the involvement of major financial players like BlackRock, which is reportedly buying Bitcoin during this period. This activity, coupled with the anticipated conclusion of Grayscale’s sell-off, is creating expectations of a substantial market surge, potentially leading Bitcoin to new all-time highs (ATH).</p>
<p>The situation with Grayscale is particularly significant. As one of the largest holders of Bitcoin, its recent selling activities have had a notable impact on the market. However, the end of this selling phase is expected to relieve some of the downward pressure on Bitcoin’s price, paving the way for potential growth.</p>
<p>Investors are thus advised to exercise patience and keep a close eye on market developments. The current correction, while significant, is viewed within the broader context of Bitcoin’s historical performance, where such downturns have often been followed by strong recoveries.</p>
<p>In conclusion, the recent 20% correction in Bitcoin’s market value is a critical moment for investors. With major institutional activities and market sentiment playing key roles, the coming weeks could be pivotal in determining Bitcoin’s trajectory towards achieving new highs.</p>
<h4 class="wp-block-heading" id="h-recommended-news">Recommended News :</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/bitcoin-nears-potential-major-correction/" rel="noopener noreferrer nofollow">Bitcoin Nears Potential Major Correction</a></li>
 <li><a href="https://cryptonewsland.com/dogecoins-rollercoaster-ride-signs-of-correction-ahead/" rel="noopener noreferrer nofollow">Dogecoin’s Rollercoaster Ride: Signs of Correction Ahead</a></li>
 <li><a href="https://cryptonewsland.com/solanas-resilience-potential-surge-to-30-amidst-recent-corrections/" rel="noopener noreferrer nofollow">Solana’s Resilience: Potential Surge to $30 Amidst Recent Corrections</a></li>
 <li><a href="https://cryptonewsland.com/is-it-finally-time-for-a-decent-correction/" rel="noopener noreferrer nofollow">Is It Finally Time for a Decent Correction?</a></li>
 <li><a href="https://cryptonewsland.com/when-can-investors-expect-cardanos-ada-to-bounce-back-from-0-70/" rel="noopener noreferrer nofollow">When Can Investors Expect Cardano’s ADA to Bounce Back from $0.70?</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/bitcoin-set-for-skyrocket-to-ath-after-current-correction/" rel="noopener noreferrer nofollow">Bitcoin Set for Skyrocket to ATH After Current Correction</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Set for Skyrocket to ATH After Current Correction

Crypto News Land

Altri articoli pubblicati su 24 gen 2024

XRP ETF: A Distant Dream Amid Regulatory Hurdles

How to receive RTF airdrop via Ready To Fight app and Zealy

Algotech (ALGT) Surges: Former Solana (SOL) Advocate Shifts Focus to Algotech (ALGT)

Sui Price Prediction: SUI Soars 19% As This New Crypto ICO Focused On Electric Vehicles Wows Inve...

Indonesia Sees Sharp Decline in Crypto Tax Revenue, Falling 63% in 2023

Binance Coin: Is BNB setting the stage for a rebound

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!