Here it is, what we've been waiting for so long - the Bitcoin spiral clock has struck 1:30. According to historical data, the most interesting things happen between 1:30 and 4:30!
The price movement $BTC is reminiscent of previous halvings and we are now on the threshold of a period after which a sharp increase began over 12 months!
The market has been moving in a limited range for the last six months as we approach the final quarter of 2024. The relative lack of direction can be partly explained by the upcoming uncertainty, most notably the US elections. But the lack of strong price action does not mean that the cryptocurrency is stuck in a holding pattern. In fact, we have seen ample evidence that the market has become significantly deeper, more liquid, and more accessible this year. The average monthly trading volume in the BTC market was $2 trillion, up 76% from 2023 levels.
Judging by the stunning success of spot ETFs, the surge in blockchain activity, and the growth in trading volumes, we are in for a major rebound. Are you ready?
