2024

United

Bitcoin

<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-btc-price-30-correction-on-horizon-warns-analyst/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price 30% Correction On Horizon – Warns Analyst</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With about 35k Bitcoin coins left to mine until the fourth halving event, BTC price against all global fiat currencies has risen to respective new all-time highs (ATH), thus signaling the onset of the euphoric bull season.&nbsp;</p>
<p>The flagship coin has rallied 50 percent in the past four weeks to trade at about $72,000 on Tuesday. Up around 5 percent from the prior ATH set during the 2021 bull rally, Bitcoin price is slated for further gains in the coming months.</p>
<h2 class="wp-block-heading" id="h-why-bet-on-bitcoin-rise-nbsp">Why Bet On Bitcoin Rise&nbsp;</h2>
<p>Bitcoin has proved to be a useful asset to global investors in hedging against uncapped inflation and poor monetary policies. For instance, the United States’ national debt has crossed $34.5 trillion after adding $100 billion in March so far. According to veteran economist Peter Brandt, the U.S. national debt is looking at an increase of about $3.6 trillion per annum, thus forecasting $40 trillion by next year.</p>
<p>As a result, leading financial institutions from Wall Street and across the world have accelerated the Bitcoin accumulation pace.&nbsp;</p>
<p>According to on-chain data, crypto whales have been purchasing an average of 10k BTC per day in the past few weeks, while miners can only produce 900 per day. With the halving around the corner, it is safe to assume Bitcoin will register more gains in the coming months.</p>
<h2 class="wp-block-heading" id="h-on-the-flipside">On the Flipside</h2>
<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"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> reaching a new all-time high and is showing a lot of strength.<br><br>I'm personally seeking for interest from altcoins, making sure that we're rotating towards <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altcoins</a> afterwards.<br><br>I do believe that 20-30% corrections are still likely to happen.<br><br>Today: CPI! <a href="https://t.co/0fpho5SjV5" rel="noopener noreferrer nofollow">pic.twitter.com/0fpho5SjV5</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1767489459786764717?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 12, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>According to a popular crypto analyst Michaël van de Poppe, investors should be prepared for the inevitable 20-30 percent Bitcoin correction to happen in the ongoing bull run. In case of a sudden sell-off, Poppe believes Bitcoin price will find solid support between $45k and $52k.</p>
<p>Moreover, heightened crypto volatility is expected to be triggered by Tuesday’s U.S. CPI data, which provides crucial data on general inflation and interest rates.</p>

Bitcoin (BTC) Price 30% Correction On Horizon – Warns Analyst

목차

CoinPedia News

2024년 3월 12일에 게재된 다른 기사

Zeebu Soars to $1 Billion Milestone in Q1, Leading the Charge in Web3 Payments

Mastercard Partners With MetaMask To Test the First On-Chain Payment Card

Messi’s Limited Edition “Join the Planet RWA” to Hit PLANET’s Website on March 15

Investors Dilemma As New Player Kelexo (KLXO) Presale Surges: Decoding the Choice Amid Ethereum (...

Can Doctoral Training in AI and Quantum Propel UK’s Innovation Agenda? Unveiling the Impact of a ...

CoinShares Completes Acquisition of Valkyrie Bitcoin Funds

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!