What money is flowing into Bitcoin? Why will Bitcoin increase in price and reach ATH this April as predicted two weeks ago?
Recently, Bitcoin sideways in the price range from $65,000 to $71,000. In addition, the Bitcoin Halving event is expected to take place on April 19-20.
Overall, over the past time, Bitcoin ETFs have net bought more than $5 billion. Besides, additional digital currencies have been printed such as USDT minted $6.9 billion, USDC minted more than $3 billion.
Thus, we can see that the amount of minted digital currencies USDT and USDC is much greater than the amount of net purchases by Bitcoin ETF funds during the past time.
According to history, before the halving, Bitcoin always tends to increase in price and then decrease in price immediately after the halving day. At the same time, Bitcoin will quickly regain its upward momentum within a few months after the Halving and reach ATH.
That is history, but now there have been quite a few changes as there is still an abundant amount of capital still available for Bitcoin. Therefore, it is entirely possible that Bitcoin will reach ATH in April before the upcoming Halving event.
Even though there may be an adjustment after Halving, in the long term Bitcoin will continue to increase in price and reach the $100,000 mark in 2024.
On a journey when we know the exact outcome, let's persevere to reach the destination. Ignore the short-term view, ignore future trading, allocate capital appropriately, spend most of your crypto currency portfolio on Bitcoin and ETH for the purpose of holding BTC and ETH. will help you increase your wealth in the long term.
Get rich safely, slowly and surely.
Give Bitcoin & ETH time...
