Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Bitcoin Magazine: Bitcoin is ready for the continuation of the bull market after halving

Bitcoin Magazine: Bitcoin is ready for the continuation of the bull market after halving

Bitget2024/04/23 23:28
BTC+0.29%

According to an analysis by Bitcoin Magazine, Bitcoin is ready for the continuation of a bull market after its halving. The analysis shows that the market has completely reset from last month's overbought status and is ready to advance again. On-chain indicators are exactly what was expected at the end of mid-cycle adjustments. Price indicators show that bullish trends remain intact, while derivative markets have regained balance in multiple aspects. Finally, global macro data still aligns with predictions that economic slowdown will shift investors towards safer assets, whether in the United States or globally.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Morgan Stanley: Recommends a "conservative" crypto allocation for certain portfolios
2
OCBC raises gold price forecast, expects it to surpass $4,000 by 2026

Crypto prices

More
Bitcoin
Bitcoin
BTC
$123,945.28
+1.26%
Ethereum
Ethereum
ETH
$4,528.1
+0.97%
XRP
XRP
XRP
$2.98
+0.48%
Tether USDt
Tether USDt
USDT
$1
+0.00%
BNB
BNB
BNB
$1,176.63
+2.29%
Solana
Solana
SOL
$231.19
+1.54%
USDC
USDC
USDC
$0.9999
+0.02%
Dogecoin
Dogecoin
DOGE
$0.2538
+0.75%
TRON
TRON
TRX
$0.3408
-0.00%
Cardano
Cardano
ADA
$0.8401
-0.06%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter