Bitcoin Price Might Continue to be BEARISH in 2024 and 2025, Here’s Why…
Bitcoin price might be met with several obstoacles, with real-world challenges poised to dampen the pace. Will Bitcoin crash further?
The forthcoming surge in Bitcoin might be met with several obstacles, with real-world challenges poised to dampen the pace. Will Bitcoin crash further in the coming years?
Market Overview: A Dip in Bitcoin’s Fortunes
The recent 10% plummet in Bitcoin’s value serves as a stark reminder of how it has retreated from its 2021 peak. As its past trends might hint at a potential rally next summer, experts advise caution.
The Quest for Practical Utility
In addition to financial challenges, there’s a growing call for Bitcoin to demonstrate tangible utility in the real world. The focus predominantly leans towards the speculative potential of the cryptocurrency, often overshadowing discussions about its practical applications and functionality.
Will Bitcoin Crash further?
On the brighter side, Bitcoin’s resilience over the years deserves mention. With a current market capitalization nearing $506 billion, it has demonstrated significant growth from where it stood a decade ago.
Over its lifespan, the cryptocurrency has faced skepticism, being declared “dead” numerous times in media discussions. However, proponents highlight tangible upcoming events like the “halvening” in 2024, which is set to regulate Bitcoin’s supply by reducing the rewards for miners.
Past trends suggest that halvening events can precede market rallies, though these were observed in periods characterized by lenient monetary policies, making future predictions challenging.
Rudy Fares
Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.
The forthcoming surge in Bitcoin might be met with several obstacles, with real-world challenges poised to dampen the pace. Will Bitcoin crash further in the coming years?
Market Overview: A Dip in Bitcoin’s Fortunes
The recent 10% plummet in Bitcoin’s value serves as a stark reminder of how it has retreated from its 2021 peak. As its past trends might hint at a potential rally next summer, experts advise caution.
The Quest for Practical Utility
In addition to financial challenges, there’s a growing call for Bitcoin to demonstrate tangible utility in the real world. The focus predominantly leans towards the speculative potential of the cryptocurrency, often overshadowing discussions about its practical applications and functionality.
Will Bitcoin Crash further?
On the brighter side, Bitcoin’s resilience over the years deserves mention. With a current market capitalization nearing $506 billion, it has demonstrated significant growth from where it stood a decade ago.
Over its lifespan, the cryptocurrency has faced skepticism, being declared “dead” numerous times in media discussions. However, proponents highlight tangible upcoming events like the “halvening” in 2024, which is set to regulate Bitcoin’s supply by reducing the rewards for miners.
Past trends suggest that halvening events can precede market rallies, though these were observed in periods characterized by lenient monetary policies, making future predictions challenging.
Rudy Fares
Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.
More articles on Cryptoticker
View AllRegular updates on Web3, NFTs, Bitcoin & Price forecasts.
Stay up to date with CryptoTicker.