Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
In his analysis, he partitioned the growth phase of Bitcoin into five major phases. He believes the coin is currently in the third phase. From here, he believes the coin might face a retracement before triggering its parabolic fourth and fifth growth phases. On a bullish note, he said the current third phase might be the most bullish, with a vertical rally in the current blow-off phase.for the price of Bitcoin prior to halving cycles, the underlying fundamentals are notably similar, with deep roots in the spot Bitcoin ETF-triggered supply crunch. . With most Bitcoin scooped off of crypto trading platforms, the BTC halving will reduce daily emissions to 450 coins, triggering an unprecedented increment movement in the price.
Futuristic Fusion: AI Meets Blockchain - Gate.io and AWS to Co-Host Hong Kong Web3 Festival Side Event
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »