When Will the Rally Begin in Bitcoin? The Giant Investment Company Said "Be Ready at Any Time" and Announced the Expected Date!
Canaccord said a potential rally in Bitcoin could begin between now and April.
Bitcoin (BTC) and cryptocurrencies have seen both ATHs and sharp corrections throughout the year, but cryptocurrencies have outperformed stocks this year and continue to do so.
Evaluating the situation between cryptocurrencies and stocks, Canaccord analysts said that Bitcoin led this good performance.
Canaccord noted that Bitcoin completed the third quarter with an increase of approximately 140% on an annual basis, outpacing Ethereum (ETH), which gained approximately 60% in the same period, and the SP 500 stock index, which gained approximately 30%.
Canaccord said that if Bitcoin follows historical patterns, it will trend upward in the 6-12 months after the halving and reach new highs 2-6 months later, meaning a potential rise could begin between now and April.
At this point, Canaccord stated that Bitcoin will start a potential rise before April 2025, and that the FED's 50 basis point reduction triggered the rise in BTC and crypto.
“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 positive tailwinds from spot ETFs. Bitcoin is responding positively to the low interest rate environment,” analysts led by Michael Graham said.
*This is not investment advice.
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.
You may also like
Meta Eyes Stablecoin Payments After Crypto Hiatus
Meta plans to integrate stablecoin payments into its apps, marking a return to crypto after three years.Why Meta Is Betting on Stablecoins

Best New Meme Coins to Invest in Now: Troller Cat Set to Jump 20% as Notcoin Holds Ground and Degen Surges
Troller Cat presale surges with ROI projections, while Notcoin and Degen trend in meme coin circles. Learn why these are the best new meme coins to invest in now..Unlocking Massive 69% APY Staking Rewards–Why Troller Cat Is One of the Best New Meme Coins to Invest in NowTelegram’s Favorite Token? Notcoin Climbs as Volume Jumps 13.5%$DEGEN Rally Accelerates With 76% Spike in Daily Trading Activity

DOODUSDT now launched for futures trading and trading bots
Ethereum Foundation allocates $32 million to expand education and tools in the ecosystem
Trending news
MoreCrypto prices
More








