“Extreme Rally” Predictions for Bitcoin: Popular Analysts Reveal Their Expectations!

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The cryptocurrency market stands out as one of the most dynamic and controversial areas of today’s financial world. There are various opinions among analysts who make predictions about the future of this market, and these opinions can often influence investors’ decisions.

Some analysts, such as Henrik Zeberg, argue that the cryptocurrency market could experience an “extreme rally” and that emotional factors could turn into an “extreme rally” as it approaches the peak of this cycle. to Zeberg according toWhile US stocks are expected to peak in the second half of 2024, it seems likely that the recession will begin in the last quarter of the year, leading to a “rapid decline” in markets.

On the other hand, some analysts, such as Fundstart’s head of research Tom Lee, offer a different perspective. Lee predicts that inflation in the US will soon fall dramatically in the second half of the year and claims that the leading cryptocurrency could surpass the $150,000 level in 2024.

These differing views highlight the complexity and uncertainty of the cryptocurrency market. There are many factors affecting the market, and the interaction of these factors makes predictions difficult. Factors such as the global economic situation, regulations, technological developments and even social acceptance play a role in determining the course of the cryptocurrency market.

In addition, in the short term, the US Consumer Price Index (CPI) report, which will be published on Wednesday, may be a critical determinant for global financial markets. A lower than expected value can be a strong bullish catalyst, especially in the cryptocurrency market. In April, US inflation turned out to be more stable than predicted, and as a result, both stocks and cryptocurrencies experienced a significant decline. This led to JPMorgan CEO Jamie Dimon comparing current economic conditions to the 1970s and speculation that the United States could enter another period of “stagflation.” However, Federal Reserve Chairman Jerome Powell quickly allayed these concerns, adding some optimism to the market.

This week, signals that the Fed will reduce borrowing costs led to a significant rise in US stock markets. However, Bitcoin remains on shaky ground and is currently at the risk of falling below the $60,000 level. This uncertainty indicates that fluctuations may continue in the cryptocurrency market.

Leading cryptocurrency Bitcoin is up more than 45% year-to-date.

You can access current market movements here.


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