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<ul> 
 <li>Bitcoin’s price consolidation may continue for up to two months post-halving, according to analysts at cryptocurrency exchange Bitfinex.</li> 
 <li>Despite current on-chain signals indicating a potential bottom for Bitcoin, the cryptocurrency’s dominance is experiencing a decline, with Ethereum and other altcoins outperforming it.</li> 
 <li>Investors are shifting focus to altcoins in search of potentially higher returns, a trend that typically follows post-halving periods.</li> 
</ul> 
<p><strong>Bitfinex analysts predict a continued price consolidation for Bitcoin post-halving, while altcoins are gaining investor attention due to their potential for higher returns.</strong></p> 
<h2 id="strong-bitcoin-s-price-undervalued-says-bitfinex-strong"><strong>Bitcoin’s Price Undervalued, Says Bitfinex</strong></h2> 
<p>Bitfinex’s latest market report suggests that Bitcoin is undervalued, with the Market Value to Realised Value (MVRV) ratio currently at 2.21. This is seen as a potential entry point for investors, as historical patterns show substantial returns when MVRV dips below its 90-day average. However, Bitcoin’s dominance is experiencing a decline, with Ethereum and other altcoins outperforming it.</p> 
<h3 id="strong-shift-in-investment-patterns-due-to-slower-us-economic-growth-strong"><strong>Shift in Investment Patterns Due to Slower US Economic Growth</strong></h3> 
<p>This shift in investment patterns is attributed to a federal economic report highlighting slower-than-anticipated growth in the US economy. The real Gross Domestic Product (GDP) annual rate dropped to 1.6 percent in the first quarter of 2024, down from 3.4% in the last qu... <a href="https://en.coinotag.com/bitcoin-btc-price-consolidation-continues-post-halving-insights-from-bitfinex/">Read the full article for FREE at COINOTAG!</a></p>

Bitcoin (BTC) Price Consolidation Continues Post-Halving: Insights from Bitfinex

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