According to the experienced analyst, Bitcoin (BTC) moves in line with the bull market dynamics before the halving.
Bitfinex Head of Derivatives Jag Kooner: Bitcoin 52 thousand dollars He broke his resistance and made a remarkable statement. The price movement we have experienced in recent weeks is typical Bitcoin halving Stating that it is compatible with pre-halving dynamics, Kooner emphasized that historically, there were generally increases before the halving.
On the other hand, the rising season we are in has brought Bitcoin to a new level. to an all-time high (ATH) While saying that it has the potential to move forward, he touched upon the impact of spot Bitcoin exchange traded funds (ETF) on this rise:
The current market movement is consistent with the pre-halving rally, a trend observed in previous Bitcoin cycles. This rally has the potential to push prices beyond the previous cycle’s highs, as last week, largely driven by spot Bitcoin ETF inflows, enabled Bitcoin to re-emerge as a trillion-dollar asset. While historical patterns can provide insight, it is crucial to understand that they do not always guarantee recurrence