📢 BREAKING NEWS 🗞️
📢🗣️ ..Bitcoin miners may have underperformed the cryptocurrency this year, but their CEOs remain upbeat as the reward halving approaches, broker Bernstein said in a research report on Monday. The underperformance has been caused by strong moves in spot bitcoin and exchange-traded funds (ETFs), which have sucked "retail liquidity" from mining stocks, and by concerns about the impact of the halving on miner revenues, analysts Gautam Chhugani and Mahika Sapra wrote. The quadrennial halving is when miner rewards are reduced, slowing the rate of growth in bitcoin supply. The next halving is due around April 19-20.
Short-Term Prediction (Next Few Days):
You expect Bitcoin’s price to go below $58,000 before or by April 22nd.
After April 22nd, there will be a minor pump, pushing the price to around $62,000.
Subsequently, the price will drop back to $56,000 or lower.
Medium-Term Prediction (Next Month):
In the coming month, Bitcoin will start around $60,000.
However, it will eventually drop to a range between $50,000 and $60,000.
Long-Term Outlook:
You emphasize that Bitcoin’s price movements follow a consistent pattern.
Contrary to popular belief, you don’t expect sudden pumps after the halving event.
Instead, you anticipate a more significant increase in October or September, leading to a genuine bull market.
Predicting the exact all-time high remains challenging, and sudden crashes can follow.#bitcoinhalving $BTC #CPI数据
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