QCP Capital: Bitcoin bulls may need to wait at least two months to see halving impact
According to Mars Finance news, analysts at QCP Capital said that investors may need to wait about two or three months before the supply restrictions of Bitcoin halving will have an impact on the market. In the first three halvings, the spot price was only 1% after the actual halving date. It goes up exponentially in 50-100 days. If the pattern repeats this time around, Bitcoin bulls still have a few weeks to build larger long positions.
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
Bringing in Nvidia, AWS, and Salesforce, Snap (SNAP.US) seeks enterprise buyers for its $2,195 AR glasses
Snap, in collaboration with Nvidia, Amazon Web Services, and Salesforce, has launched its $2,195 Specs AR glasses targeting the enterprise market and is also promoting consumer-level AI services.
UBS warns: US midterm elections may cause severe market volatility, current period is the "calm before the storm"
The chief economist at UBS has issued a warning that September to October has been the most volatile period of the year since 1928, with the effect especially pronounced during midterm election years. The betting odds for Senate control are close to fifty-fifty. Historical data shows that the S&P 500 typically declines before the elections, but posts an average return of about 14% by the following March.
Federal Reserve: Policy path reshaped – Rabobank
10-Yr Benchmark Govt Yields - U.S. vs Other Nations
Crypto prices
More
