Julien Bittel said that the market is now seeing a classic pattern associated with Bitcoin halving. According to him, there was a strong dump to suppress the bullish trend among traders and investors.
“We are in the ‘boredom zone’, but there is a ‘madness zone’ ahead of us, we just need to be patient,” Bittel said.
A representative of Global Macro Investor drew an analogy with the halving, which took place in 2016, and suggested that the low level of volatility in the rate of the first cryptocurrency will remain until the beginning of August 2024.
According to the expert’s forecast, in August the price of Bitcoin will begin to rise, and during a powerful pump that will last until the end of winter 2025, it will overcome the $180,000 mark. Julien Bittel is confident that the number of companies seeking to purchase BTC in their portfolios will grow, as the value of digital gold increases.
Earlier, the CEO of the largest crypto exchange Binance, Richard Teng, shared his forecast for the cost of Bitcoin. According to him, the rate of the first cryptocurrency will exceed $80,000 by the end of 2024.
Source: Bits
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