Undoubtedly, among the topics discussed recently Bitcoin And in altcoins The declines and the highly anticipated halving event come first.
At this point, while investors expect the rise to continue, JP Morgan analysts said Bitcoin’s superior performance so far may mean that some of the typical post-halving rally has been brought forward.
The report written by JP Morgan analysts Reginald Smith and Charles Pearce pointed out that Bitcoin showed a superior performance before the halving.
“Bitcoin has gained 43% since the beginning of the year and 130% in the last six months. This means that the typical post-halving rally in BTC has been brought forward.”
“Bitcoin Offers Attractive Entry Point for Investors!”
JPMorgan analysts also BTC He noted that mining stocks fell ahead of the halving and said that this weakness in stocks offers an attractive entry point for investors.
At this point, Bitcoin mining companies On Riot Platforms (RIOT) and Iris Energy (IREN) Stating that they are on the rise, analysts said:
“With the Bitcoin halving on the horizon, we expect volatility and trading volume to increase in both Bitcoin and mining stocks.”
*This is not investment advice.
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