Story Highlights
Bitcoin has demonstrated a consistent upward trend over its history, reinforced by halving events and increasing investor confidence.
Bitcoin’s growing acceptance among retail traders, institutional investors, and even nations suggests its potential as a reserve currency.
Crypto analysts predict a significant price increase for Bitcoin in the near future, driven by factors like the stock-to-flow model.
Over the years, Bitcoin (BTC) has carved out a remarkable trajectory, instilling confidence in investors eager to predict its future. The flagship cryptocurrency has consistently adhered to its four-year cycle, marked by halving events, solidifying its status in the market.
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With increased trust from both retail traders and institutional investors, Bitcoin stands on the brink of becoming a reserve currency for nations worldwide. Notably, Bitcoin’s price performance has outpaced
gold over time
, despite gold’s recent bullish breakout.
Experts foresee a future where Bitcoin could facilitate the settlement of global national debts, which have ballooned to over $300 trillion.
A Bull Phase is Coming!
If the
#Bitcoin
Long-Term Power Law holds true, the next market top might hit around $400,000!
pic.twitter.com/yuQbKNMefU
— Ali (@ali_charts)
September 24, 2024
According to a popular crypto analyst Ali Martinez, Bitcoin price is on the cusp of entering the next bullish phase that will yield a parabolic rally to the peak. The crypto analyst expects
Bitcoin price
to reach a cycle high of about $400k in this cycle based on the long-term power law, which has successfully predicted previous cycles.
The yellow periods are boring, bitcoin does not move. It’s all about the short periods in between: 2013, 2017, end-2020. Those are the fundamental price moves. Don’t miss next move!
pic.twitter.com/2lFNRP0kEd
— PlanB (@100trillionUSD)
September 20, 2024
A similar narrative has been developed by PlanB’s stock-to-flow (S2F) model, which suggests that a major bull run is on the horizon. According to PlanB, the largest gains of Bitcoin will be registered in the next few months, which will once again prove that the flagship coin is not a pyramid scheme but a mathematical success.
Also Read :
Bitcoin Millionaires 2024: How BTC’s Meteoric Rise Made 20,000 New Millionaires
,
Market Picture
The
cryptocurrency market
, led by Bitcoin, will attract more liquidity in the coming months amid the ongoing global economic shift. Already four major global economies – led by the United States, Canada, the European Union, and China -have all initiated interest rate cuts to stimulate their respective markets.
Chinese markets surging 3%. China unleashed powerful policy combo to support the market and the econ this morning.
1. 50bp RRR cut providing RMB 1tn long-term liquidity
2. 20bp 7D reverse repo rate cut
3. 1yr MLF rate cut 30bp
4. Mentioned RRR can be cut another 25-50bp before…
pic.twitter.com/vitxZS3pLn
— Hao HONG 洪灝, CFA (@HAOHONG_CFA)
September 24, 2024
Meanwhile, the ongoing de-dollarization fueled by the rising dominance of the BRICS movement has significantly helped in the mainstream adoption of Bitcoin as a reserve currency. The success of
MicroStrategy
and El Salvador in its Bitcoin strategy has influenced other companies and countries led by Bhutan.
The next chapter of Bitcoin’s story is just beginning. Will you be part of it?
Tags
Bitcoin
Price Analysis
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