Experts from Germany’s largest financial conglomerate in terms of number of employees and total assets, Deutsche Bank, said that after the halving on April 20, flat dominance should be expected in the market.

Analysts Marion Laboure and Cassidy Ainsworth-Grace clarified: halving the reward for adding new blocks to the Bitcoin network has already played a role, as market participants knew about the impending halving.

The price of the first cryptocurrency will soon be subject to flat, that is, the state of an asset when its value does not rise, but does not fall for some time, believe Deutche Bank:

“We believe that the price of Bitcoin will remain at its current level. Reasons: anticipation of the launch of spot ETFs on ether and the reduction of the key rate by the US Federal Reserve.”

Although Deutsche Bank analysts do not expect sharp fluctuations in the price of digital gold, they are confident that the Bitcoin ecosystem will continue to develop further, as will the cryptocurrency industry as a whole.

Previously, Deutsche Bank conducted a survey in which more than 3,600 bank clients from the US, UK and EU countries took part. According to the survey results, only 10% of respondents are confident that the price of BTC will exceed $75,000 by the end of 2024.