cryptocurrency Investors are seeing further declines in altcoins due to shallow movements for about 7 months. For this to be reversed, Bitcoin 
$68,412It is necessary to surpass the ATH level of $73.777 and reach new highs. BTC, which was stalled above $68,000 at the time of writing, now gives hope that the boring movements may end. So what do the experts say?
Bitcoin Supply Shock
ETF Demand in the channel has strengthened again and the increasing interest of institutional investors indicates that confidence in the price future has also increased. Although it has not yet completed its first year, BTC inflows in the ETF channel have resulted in a huge amount of supply. BlackRock It caused the accumulation of reserves in corporate intermediaries such as
Popular crypto analyst Nic wrote about the expected supply shock earlier today;
“Bitcoin Supply shock is coming!
According to Glassnode data, while the “stored” or long-term holder supply increases, the “active” or short-term holder supply decreases. “So if we experience a new flood of demand in the next few weeks, expect some extreme moves.”
It is necessary for the BTC price to run to six-digit targets and see a scarcity-supported rise due to the shrinkage of supply on the stock exchanges while demand increases.
Bitcoin and Cryptocurrencies
Titan Of Crypto, on the other hand, says that the BTC price can now focus on the $ 98,000 target, with the encouragement it receives from the momentum. Referring to the boring movements that have been going on for a long time, the analyst points out the structures of the past years on the chart and says that the next stage will be much more fun.
Benjamin Cowen is the latest analyst and his assessment today is important for the future of altcoins. The analyst who shares the performance table below points out that the ETHBTC parity has been red in 9 of the last 10 quarters.
altcoins The start of the rise for ETH BTC It may be possible by putting pressure on him.
“It has been red in 9 of the last 10 quarters.
When I first told people this was going to happen 3 years ago, most people were talking about the move to Proof of Stake, the deflationary aspect, etc. For some reason he thought this was ridiculous. They completely ignored monetary policy. Monetary policy is now loosening, but slowly. Probably ETHWe will see /BTC bottoming out in Q4 2024 (this quarter) and rising in 2025. “It’s crazy that some people who used to laugh at my views on ETH/BTC are now seeing me right after being down for 9/10 quarters.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
