Sunday, April 21, 2024

Bitcoin (COIN: $BTC) Gains Bullish Momentum in the 48 Hours Following the 4th Halving Event

https://youtu.be/WMGs_CMif28

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Despite Pre-Halving Dip, Bitcoin Price Remains Poised for Growth.

Despite a brief dip below $60,000 due to pre-Halving jitters and market uncertainty, Bitcoin remains bullish in the long term. The Halving event, historically a positive catalyst for Bitcoin's value, is approaching, and some investors see the recent price correction as a positive sign of leverage being flushed out of the market. Additionally, increased buying of longer-dated call options suggests anticipation of higher Bitcoin prices later this year. Furthermore, the recent approval of a spot Bitcoin ETF market in Hong Kong is expected to boost adoption and price.