2024

Bitcoin

The post <a href="https://coinpedia.org/news/bitcoin-bull-run-september-2024-the-turning-point-for-btc-price-heres-why/">Is a Bitcoin Bull Run Coming? Here’s the Timeline for 2024</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Don’t give up on <a href="https://markets.coinpedia.org/bitcoin/">Bitcoin</a> just yet! 
While the recent price action might leave you feeling bearish, a storm of optimism is brewing for a September bull run. Analysts are glued to the charts, tracking a surge in call options from September onwards. Could this signal a major price swing coinciding with the US elections? 
Dive deeper to find out what experts are predicting and if this is your chance to finally catch the Bitcoin wave! 
<h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin Price Analysis</h2> 
<a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin’s price</a> is currently trading slightly down at $64,362, with a market cap of $1.268 trillion. According to a report from QCP Capital, Bitcoin’s price will likely remain capped for the next two months, with large selling of call options set to expire soon. However, the report anticipates a bullish surge towards the end of the year, driven by aggressive buying of call options for later in 2024. 
Miner Sell-Off and Market Impact 
In June, <a href="https://coinpedia.org/news/who-is-selling-bitcoin-btc-price-decline-dumps-below-65k/">Bitcoin miners</a> sold over 30,000 BTC worth $2 billion. This sell-off was driven by increased operational costs and reduced profits following the recent Bitcoin halving, forcing miners to liquidate their holdings. 
As a result, Bitcoin’s price rebound may be delayed. Additionally, the German government’s plans to sell a large supply of Bitcoin have further contributed to the price cap. 
<h2 class="wp-block-heading" id="h-investor-sentiment">Investor Sentiment</h2> 
The ETF market has also seen continuous sell-offs, with <a href="https://markets.coinpedia.org/bitcoin-etf/">spot Bitcoin ETFs</a> registering over $500 million in the past week, reflecting institutional investors’ cautious stance. Despite this, some bullish developments have occurred, such as MicroStrategy’s recent purchase of nearly 12,000 BTC, valued at $800 million. Moreover, BitMEX CEO Arthur Hayes has proposed a positive macroeconomic scenario for a Bitcoin bull run due to the Japanese banking crisis. 
<h2 class="wp-block-heading" id="h-bull-run-vs-bull-trap">Bull Run vs. Bull Trap</h2> 
While there is optimism about a bull run, there is also concern about a potential bull trap, where a temporary price increase could reverse, trapping optimistic investors. Analysts advise caution, noting that regulatory approvals and market events might already be priced in, potentially leading to a short-term pullback before long-term gains. 
The mixed signals from the market highlight the importance of due diligence and a measured investment strategy. Traders are advised to remain cautious, as the forward-looking nature of the market could lead to a short-term correction before an actual bull run starts. 
Are you ready to see Bitcoin take off? 
Read Also: <a href="https://coinpedia.org/news/ripple-case-could-be-the-turning-point-in-secs-battle-against-binance/" target="_blank" rel="noreferrer noopener">SEC to Use Ripple Case in Lawsuit Against Binance: What You Should Know</a>

Is a Bitcoin Bull Run Coming? Here’s the Timeline for 2024

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CoinPedia News

دیگر آرٹیکلز 22 جون، 2024 پر پبلش کیے گئے ہیں

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