Bitcoin Expert Predicts Q3, Q4 2023 Crypto Bull Run Timeline

Also Read: Spot Bitcoin ETF Has a Fairly High Probability of Gaining Approval in the US – Bernstein Analysts

advertisement

Hence, the crypto asset price sentiment is largely dependent on the US SEC’s decision and any delay could likely subside the momentum leading to drop in Bitcoin price. That the financial bigwigs like Valkyrie, Fidelity, Bitwise, Invesco, and WisdomTree followed BlackRock in filing for ETFs gives traders reasons to believe there is more to the filings than it appears. In this context, Bitcoin analysts believe the third quarter could see some flat movement in asset prices before taking off for a crypto bull run later by the end of the year.

When Will Bitcoin Bull Run Begin?

Besides the Bitcoin ETF filings, the digital assets enthusiasts are also looking forward to the Bitcoin halving event, which is scheduled for around the end of April 2024. Meanwhile, Adrian Zdunczyk, a crypto analyst, believes there could be some slow movement in Crypto Market before fireworks in the last quarter of 2023.

Earlier, CoinGape reported that Bitcoin could reach the next target of $33,000 if it breaks local resistance.

Also Read: Shiba Inu Hardware Wallets to be Delivered on this Date, SHIB Price Reacts

Mooky Presale
Mooky Coin Presale
$MOOKY is a meme token which helps planting trees by donating to charity.
Visit Here
AD

Comments

Post a Comment

Popular posts from this blog

Experts warn of a fake Ethereum Denver site tied to a red-flagged phishing wallet

Image
Join Our Telegram channel to stay up to date on breaking news coverage With the start of the new year, crypto prices have slowly started to recover from a year-long bear market, which started bringing investors back into the industry. People are becoming more willing to invest in projects, and various events that the industry participants are organizing are attracting attention once more. This also makes it a perfect time for hackers to launch phishing campaigns and once again rob unsuspecting newcomers to the industry. Security researchers have already reported one such campaign, where the hackers have created a fake website of the popular Ethereum Denver conference. The campaign is also tied to a smart contract that contains over $300,000 in stolen ETH coins. The wallet tied to the scam stole $300k in crypto Ethereum Denver is, of course, a real conference and a very popular one, at that. However, its website has been duplicated by online criminals who seek to trick users i...
Read more

WOO Price Rebounds as Bulls Take Control: Will the Momentum Continue?

Image
WOO Network’s (WOO) price has declined over the past seven days, falling from a 7-day high of $0.3188 to a low of $0.237. However, at the time of publication, bulls had retaken control of WOO, sending prices up 6.93% to $0.2546. During the positive rebound, the market capitalization climbed by 6.97% to $429,026,681, indicating that investors are enthusiastic about the WOO market’s future and are prepared to spend more on it, perhaps leading to more rise in the coming days. However, the 7.58% drop in trading volume to $51,035,695 suggests that investors may be cautious and may wait for a more transparent market direction before making further deals. WOO/USD 7-day price chart, Source: CoinMarketCap The Bollinger bands are rising and expanding on the WOO/USD price chart, indicating more volatility and the possibility of a trend reversal. The upper Bollinger band touching at 0.29853664, while the lower at 0.10463150, reflect this bullish momentum. As the price...
Read more

$365 billion inflows crypto market cap in a month, but what’s next?

Image
A short bull run marked the last 30 days in the cryptocurrency market, with Bitcoin (BTC) leading the way for multiple cryptocurrencies. Greed started dominating investors’ sentiments as most digital assets registered massive capital inflows in a month. Notably, the leading index by TradingView (CRYPTOCAP: TOTAL) surged 35%, adding $365 billion in 30 days. By press time, a $1.024 trillion total crypto market cap quickly became $1.392 trillion from October 12 to November 11. CRYPTOCAP: TOTAL – Total cryptocurrency market capitalization. Source: TradingView The bearish short-term case for cryptocurrencies However, the Relative Strength Index (RSI) is overbought at 88.29 points in the daily chart. This state has lasted since October 22, when RSI crossed 70 points. In the meantime, total capitalization has distanced itself by $155 billion from the 30-day exponential moving average (EMA). Essentially, these indicators suggest crypto currency trading could expect a natural retra...
Read more