Cryptocurrency Market: 2024 Peak Possibility or Continuous Rise? 👉🚦🚦 💰👀
📌The cryptocurrency market has experienced extraordinary growth and volatility in recent years. After the bull run in 2021, investors are wondering what will happen to the market in 2024. While some argue that a peak is approaching in 2024, others predict that the rise will continue until 2025.
📌Friends, this post offers a perspective examining the possibility of a peak in 2024 and, on the contrary, a continuous rise scenario. Different perspectives and evidence supporting these scenarios are evaluated.
⚠️2024 Peak Probability:
📌Social Risk: Low social risk for altcoins, lack of mainstream interest, and Bitcoin's cycle potential support the possibility of a peak in 2024.
📌Historical Cycle: Market behavior associated with past bull markets and interest rate cuts predicts a peak in 2024 followed by a correction.
📌Technical Indicators: Bitcoin's technical indicators show the possibility of a peak in 2024 followed by a downtrend.
📌Continuous Rise Scenario: Increasing Corporate Investment can continue the rise by providing new money inflow to the market.
✂️Regulations: Clearer regulations can increase confidence in the market and attract more investors.
⚠️New Technologies: New technologies such as Layer 2 solutions and decentralized finance (DeFi), and potentials such as memes can add innovation and value to the market. Thus, a different scenario may occur and a process may begin in which the hype on $BTC will completely focus on #altcoin .
📍It cannot be said with certainty that the cryptocurrency market will reach its peak or continue its rise in 2024. Both scenarios present potential risks and opportunities. However, it would not be wrong to say that all coins with all their potential will see a sharp rise in the long term.