- Despite BTC’s decline, SOL, NEAR, and KCS show buying potential.
- Execs are bullish on BTC post-halving and see this period as the perfect buying opportunity.
Bitcoin [BTC] halving has been the talk of the town for quite some time, and now, with the recent volatile price trajectory, conversations about its future have resurfaced.
Interestingly, according to CoinMarketCap, BTC, along with other cryptocurrencies, seems to be on a downward trend.
However, there were exceptions like Solana [SOL], Near protocol [NEAR], KuCoin [KCS], which were flashing greens on the daily charts.
Perfect time to buy Bitcoin?
Thomas Lee, Co-founder and Head of Research at Fundstrat, was optimistic about Bitcoin’s rise. He said,
“I think that we’re kind of being fooled by the April turmoil and I think that’s why it’s a buying opportunity for both Bitcoin and stocks now.”
Also, just a few weeks back, Arthur Hayes also came up with his essay titled- ‘Left Curve’, and offered insights into a strengthening trend that could drive BTC’s continued rise.
This underlined Hayes’s confidence in Bitcoin and the overall crypto market, despite regulatory concerns and the current volatile price condition.
“So end of the year, I think we’re going to be between $70k to $100k on the price of Bitcoin end of 2024.”
Not out of danger, though
But despite such positive sentiment, Josh Olszewicz, a seasoned trader, believes that the cryptocurrency is not quite out of danger.
Source: Josh Olszewicz/X
Olszewicz uses the Ichimoku Cloud indicator to analyze Bitcoin’s trend, which is currently bearish, with Bitcoin below the cloud acting as a barrier.
To reverse this trend, Bitcoin needs to break above the cloud. He added,
“Watch for iHS + cloud breakout this week if momo continues.”
This was further confirmed by AMBCrypto’s analysis of Santiment data.
Source: Santiment
The declining MVRV ratio showed that most holders were in losses at press time.
where to get cheap clomid no prescription can i buy clomiphene without dr prescription clomiphene buy can i buy cheap clomiphene can i buy generic clomid no prescription buy cheap clomiphene pill cost of cheap clomiphene for sale
With thanks. Loads of erudition!
I am in truth enchant‚e ‘ to glitter at this blog posts which consists of tons of worthwhile facts, thanks representing providing such data.
order azithromycin 250mg for sale – buy ciplox 500 mg sale buy flagyl generic
cost semaglutide 14 mg – semaglutide sale order cyproheptadine 4mg for sale
buy motilium 10mg without prescription – order domperidone 10mg pills cyclobenzaprine usa
where to buy amoxil without a prescription – valsartan without prescription cost ipratropium
amoxiclav order – https://atbioinfo.com/ purchase ampicillin without prescription
esomeprazole pill – anexa mate brand esomeprazole 40mg
warfarin 5mg without prescription – coumamide losartan 25mg tablet
where to buy mobic without a prescription – moboxsin mobic ca
new ed pills – https://fastedtotake.com/ ed pills that really work
buy amoxicillin online cheap – amoxil over the counter amoxicillin usa
generic diflucan 200mg – https://gpdifluca.com/ buy diflucan cheap
cenforce 50mg canada – cenforce 100mg over the counter cost cenforce 50mg
tadalafil walgreens – https://ciltadgn.com/ india pharmacy cialis
purchase generic cialis – what happens if you take 2 cialis how long does cialis last 20 mg
viagra 100 mg buy – https://strongvpls.com/# viagra 50mg
More content pieces like this would create the интернет better. site
This is the kind of glad I have reading. order accutane 5mg
Thanks for putting this up. It’s evidently done. https://ursxdol.com/cialis-tadalafil-20/
This is the gentle of literature I positively appreciate. site
This is the amicable of content I get high on reading. https://aranitidine.com/fr/acheter-propecia-en-ligne/