Cryptocurrency Bitcoin price
“I see the markets mostly trading somewhere between US$30,000 to maybe US$45,000 in the upcoming three to six months,” Lai said. “For the investor, for the retail participants, right now the downside risk is actually pretty small. If you don’t have the urgency to try to cash out, you don’t need to sell your Bitcoin. You just need to hold it. And I think the overall trend for crypto is actually pretty optimistic.” Is the crypto bull run over Widespread adoption may fuel the next crypto bull run, as the corresponding development of a supporting Bitcoin infrastructure might facilitate the ease and use of crypto (a similar dynamic is at work with electric cars and the critical infrastructure needed to charge them). The more users and use cases that BTC has, the more valuable it becomes. In addition to consumer confidence, a willingness on the part of investors to put their money in financial offerings such as Bitcoin EFTs could contribute to the next crypto bull run.
Credible Crypto, a prominent cryptocurrency analyst, predicts a pullback for Bitcoin (BTC) investors before a bull run. As per the recent tweet, Credible Crypto with the help of a chart highlighted that funding is back to neutral and low timeframes indicate investors need a bit more of a pullback before the next bull run. Notably, in the last 24 hours, Bitcoin’s (BTC) price is down by nearly 2%. SEC’s Reply Memo in Ripple Case: A Laughable Strategy or Clever One? The expected crypto bull run is driven by factors such as historical data, increased institutional adoption, potential investments from major players, positive developments in the crypto market, and the upcoming Bitcoin halving event in 2024.