While FED showing lack of aim to cut rates the commodities price sparks considerable. Bitcoin ETF rally get settle. What we have here now ? and what should expect for the future ?
Well let's back few years on what happened with BTC.
2022 - BTC price plunged due to regulatory uncertainties US, India and Europe increased their scrutiny of cryptocurrencies, also affected by China's cracking down BTC mining, Global economic growth outlook was not good pos pandemic and Russia invasion of Ukraine are some good reasons to consider. BTC hits teens in $ value but hodlers and value investors they were in the driver's seat. BTC consolidation level $20K in that period.
2023 - Increased Institutional Adoption Consolidation, large financial institutions, hedge funds and corporations, retail investors. BTC from march to October price consolidation level was $30k~35K.
2024 - BTC ETF's came and over
26B
plugged Wall Street into Bitcoin. Blackrock, Fidelity, Grayscale, ARK, Bitwise ..etc. BTC reached ATR. Question will be BTC consolidation price level this time ? As the tittle suggest
59K
~$50K
Reason to worry ?
I don't think so.
BTC is store value asset, digital gold and it's inevitable. Find the best Dollar Cost Average e buy more.
ps. This is Not Financial Advice.
Well let's back few years on what happened with BTC.
2022 - BTC price plunged due to regulatory uncertainties US, India and Europe increased their scrutiny of cryptocurrencies, also affected by China's cracking down BTC mining, Global economic growth outlook was not good pos pandemic and Russia invasion of Ukraine are some good reasons to consider. BTC hits teens in $ value but hodlers and value investors they were in the driver's seat. BTC consolidation level $20K in that period.
2023 - Increased Institutional Adoption Consolidation, large financial institutions, hedge funds and corporations, retail investors. BTC from march to October price consolidation level was $30k~35K.
2024 - BTC ETF's came and over
26B
plugged Wall Street into Bitcoin. Blackrock, Fidelity, Grayscale, ARK, Bitwise ..etc. BTC reached ATR. Question will be BTC consolidation price level this time ? As the tittle suggest
59K
~$50K Reason to worry ?
I don't think so.
BTC is store value asset, digital gold and it's inevitable. Find the best Dollar Cost Average e buy more.
ps. This is Not Financial Advice.