Bitcoin 'Super Cycle' Will Cause Daily Pumps Of 10-30%, Trader Predicts: 'Until Then, Every Dip Is A Massive Buying Opportunity'
Portfolio Pulse from Khyathi Dalal
Crypto analyst Doctor Profit predicts a Bitcoin 'super cycle' with daily pumps of 10-30%, considering every dip a buying opportunity. He attributes recent price movements to actions by major players and BlackRock's Bitcoin ETF filing. The super cycle is expected to commence months after the Bitcoin halving, with a target range between $110,000 and $220,000.
July 29, 2024 | 3:49 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
BlackRock's Bitcoin ETF filing in June 2023 played a significant role in driving market optimism and Bitcoin's price movements.
BlackRock's involvement in the Bitcoin market through its ETF filing has been a positive catalyst for Bitcoin's price, which could reflect positively on BlackRock's stock as it positions itself as a key player in the crypto market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Doctor Profit predicts a Bitcoin 'super cycle' with daily pumps of 10-30%, considering every dip a buying opportunity. The super cycle is expected to commence months after the Bitcoin halving, with a target range between $110,000 and $220,000.
The prediction of a 'super cycle' with significant daily price increases and a high target range is likely to drive investor optimism and buying activity, positively impacting Bitcoin's price in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100