💵💵When Will the Rally Start in Bitcoin! The Giant Investment Company Said "Be Ready at Any Time" and Announced the Expected Date! 💵💵

Bitcoin$BTC

(BTC) and other cryptocurrencies have both reached all-time highs this year and experienced sudden and sharp corrections. However, cryptocurrencies have generally performed better than stocks and this trend continues.

Canaccord analysts, while evaluating the situation between cryptocurrencies and stocks, stated that Bitcoin played a leading role in this success. According to analysts, Bitcoin closed the third quarter with an increase of approximately 140% on an annual basis, while Ethereum (ETH) gained approximately 60% and the S&P 500 index gained approximately 30% in the same period.

Canaccord expects Bitcoin to rise within 6-12 months after the halving if it follows historical patterns and reach new highs within 2-6 months. This means that a potential rise could begin between now and April.

Analysts emphasized that Bitcoin could enter a bullish period before April 2025, and stated that the FED's 50 basis point interest rate cut had a positive impact on BTC and cryptocurrencies.

The team led by Michael Graham said, "Although Bitcoin's role as a hedge against inflation has diminished, the upward movement is supported by interest rate cuts, the positive course of supply and demand dynamics following the Bitcoin halving in April, and the support from spot ETFs. Bitcoin is responding positively to the low interest rate environment."

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