Analyst Talk Say Bitcoin Go Drop Small Small Before E Go Rally for Late 2024
CryptoQuant analyst Crypto Dan dey warn say market fit overheat small before Bitcoin price go drop small. E expect say dis correction go shorter and mild pass past cycles because less short-term holders. Di main things wey go push rally be d upcoming Bitcoin halving, more institutional adoption through spot Bitcoin ETFs, possible interest rate cuts, and ongoing network upgrades. Traders suppose focus on Bitcoin price prediction and use dollar-cost averaging to build position. Long-term view and focus on fundamentals fit help avoid panic selling. Dis balance strategy go set investors well to catch buying opportunities during d dip and benefit from d expected late-2024 rally.
Bullish
Di predict tok say Bitcoin price go small dip first then strong rally mean say market go bullish. For short term, moderate pullback fit test support levels and increase volatility, e dey give tactical entry points. Long term, main drivers like halving event, spot Bitcoin ETFs, possible rate cuts, and network upgrades go likely boost demand and reduce downside risk. For history, similar corrections wey happen before halvings don lead to big price gains. If traders maintain long-term view and use dollar-cost averaging, dem fit reduce volatility and position themselves well to take advantage of the predicted rally.