CandleFocus Bitcoin’s Massive Surge From $55k to $100K Unlikely Without Clear Catalysts Like ETFs
2024-09-06
Author: Content Editor
In a recent discussion, Phil Rosen and Anthony Pompliano discussed the decline in both stocks and Bitcoin. Bitcoin's current situation was highlighted, with its price trading around $56,000, down 12% in the last six months. The number of daily active addresses has also dropped by about 30% since March. However, Anthony remained optimistic, mentioning that active users may not sell their holdings and that transactions with Bitcoin still occur regardless of price fluctuations. He noted that there is no clear catalyst driving Bitcoin's price higher in the next 6 to 12 months, but reminded listeners that Bitcoin is still up around 50% compared to before the approval of a Bitcoin ETF. Anthony expects a bull market but cautioned against expecting massive gains.
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