CandleFocus Crypto expert names two new Bitcoin catalysts as ‘Uptober’ disappoints
2024-10-27
Author: Content Editor
The anticipated 'Uptober' rally for Bitcoin may not materialize in 2024, leading to questions about traditional price rally catalysts. However, crypto expert Michaël van de Poppe believes that emerging catalysts such as liquidity and global interest rates could fuel a stronger bull market than seen in previous cycles. Poppe suggests that the four-year cycles of Bitcoin may be becoming outdated and that the current cycle could result in a longer-than-expected bull market, with a potential peak in 2026. Despite concerns about potential volatility and a possible correction, analysts still forecast a strong future for Bitcoin, with projections of the asset hitting $200,000 by the end of 2025. Bitcoin is currently valued at $67,124 and is trading above its 50-day and 200-day moving averages.
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