According to a popular crypto analyst, Bitcoin (BTC) could see another parabolic price surge to new all-time highs following its 2024 halving event. The trader believes Bitcoin is gearing up for a post-halving frenzy, but notes one key condition needs to be met first.
According to one crypto strategist, Bitcoin (BTC) is preparing to replicate its powerful mid-year rally when the flagship crypto surged nearly 30% in around one month. The analyst believes Bitcoin's weekly close has set the stage for the top cryptocurrency to mirror its bull run from June 2023.
Raoul Pal, previously with Goldman Sachs, anticipates a stock market turnaround. After observing three weeks of downward corrections, he believes the market is nearing its lowest point and will soon stabilize.
A prominent analyst suggests that Bitcoin (BTC) could be emulating its 2020 market framework, during which the leading cryptocurrency surged from approximately $16,000 to $60,000 within a matter of months.