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#HalvingEffect + EXPECTATIONS OF CHEAP MONEY = PAUSE
Desperate fluctuations of
$BTC have been going on for a long time. Technical analysis of the one-year chart shows that since February of this year until now
#1 cryptocurrency has been fluctuating in the range of
$ 73,750 (upper mark) and $ 53,949 (lower mark).
Historically, such a long belt of fluctuations for
$BTC in such a range has not been. So what is the reason for such an anomaly?
In our opinion, two main factors contribute to this.
1.
#Halving2024 , like all phenomena, has a kind of inertia and time lag. So far, miners and market participants are in this inertia.
2. Expectations for an increase in the money supply.
As a result of the weakening of the tight monetary policy of global central banks, cheaper and more accessible money will flow into the global economy. But since short-term monetary policy instruments act for a certain period of time (according to various estimates, from 3 months to 1 year), the multiplier effect will make itself felt already at the end of this year.
Accordingly, according to our forecasts,
#BTC☀️ will reach a new ATH at the end of 2024 or in the first quarter of 2025.
With anticipation of the rise.
#BTCBULLISH 🔥🔥🔥