The cryptocurrency market has continued to fluctuate in recent weeks. However, a new report from CryptoQuant reveals that new investors are showing a strong interest in accumulating Bitcoin. Meanwhile, Sologenic co-founder Bob Ras is predicting Bitcoin’s next ATH date.
Investors continue to accumulate leading cryptocurrencies!
CryptoQuant’s report shows that the actual price of 1m-3m age bands now holds more value in investors’ pockets than 6m-12m age bands. This trend is likely to create valuable price levels close to the 25-27k mark. According to the report, these levels will likely be crucial in determining Bitcoin’s future growth trajectory. The report suggests that the continued growth of the Bitcoin price will be closely linked to the behavior of short-term holders and their interest in these valuable price levels. If there is significant interest from these investors, the price is likely to continue to rise. Accordingly, it is likely to set sail to potentially new heights in the coming weeks.
Investors are looking for alternative investment options outside of traditional assets such as stocks and bonds. That is why the crypto market has started to attract attention again in recent months. In particular, Bitcoin has become the focus of attention of many investors who want to take advantage of its high return potential. However, the market continues to follow a volatile course. This pushes some investors to act cautiously. CryptoQuant’s report shows that even at these relatively high prices, there is still significant interest in crypto. So it is likely to provide some reassurance to those who have invested in Bitcoin. However, it is important to remember that the market is still extremely unpredictable. It is also important to keep in mind that investors should always be careful when investing in cryptocurrencies.
Overall, CryptoQuant’s report provides valuable insight into the current state of the cryptocurrency market and the potential for further growth in the coming weeks. As new investors continue to show interest in accumulating Bitcoin, the market could continue to see significant growth and potentially reach new highs in the coming months.
The date when Bitcoin will reach the ATH level!
cryptocoin.com As you follow, Bitcoin (BTC) started 2023 with more than 74% gains. However, more of BTC is possible, according to Bob Ras, co-founder of blockchain firm Sologenic. Ras suggests that Bitcoin will more than double over the next year. According to Ras, the main trigger will be halving, which means halving the rewards for miners. This transaction aims to reduce the token supply. It has also historically led to price increases. “By the time the Bitcoin halving begins a year from now, we will likely have passed the previous all-time high,” Ras says.
On the other hand, Ras states that BTC has already demonstrated his belief that the FED will follow a looser policy. Ras argues that the BTC rally points to a future that means a return to lower interest rates and more quantitative easing (QE). Ras explains his thoughts on the subject as follows:
The changing macro picture with signs of slowing economic growth shows that the FED will soon have to lower interest rates and inject plenty of liquidity into the market. If the Fed does not do this, we could face a serious contraction punctuated by a possible credit crunch. In both cases, all roads seem to lead to loosening of monetary policy sooner or later.
