Cryptocurrency Analyst: Bitcoin is expected to adjust to around $37,000 in the short term
Cryptocurrency analyst and Tia Crypto blog owner Jason Pizzino believes that due to the upcoming Bitcoin halving and the US presidential election, smaller cryptocurrencies are expected to outperform Bitcoin in terms of price increase this year.
Pizzino points out that the Bitcoin halving may pause market corrections, while the election could be a bigger event. He predicts that Bitcoin will adjust to around $37,000 in the short term. Although BTC and Ethereum are expected to gain profits this year, analysts believe that smaller cryptocurrencies will perform better in the later stages of a bull market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
South Korea's exports in the first 20 days of September continued strong momentum, with chip exports soaring by 259%, remaining a key driver of growth.
Early September exports from South Korea help maintain strong momentum in the chip boom.
Crypto prices
More
