When Will The Bitcoin Bear Market End? US Mega Bank Has The Answer
The post When Will The Bitcoin Bear Market End? US Mega Bank Has The Answer appeared on BitcoinEthereumNews.com. In a recent development, leading investment bank Morgan Stanley has weighed in on when the lingering Bitcoin bear market is likely to end. Interestingly, they share some similar views with analysts who have made predictions in the past. Bitcoin Halving A Major Factor In an article released by the investment bank, Morgan Stanley highlighted Bitcoin’s importance as the leading crypto and how the Bitcoin Halving, which is set to take place in April 2024, could affect its price and other crypto tokens by extension. Bitcoin halving is a deflationary measure that occurs every four years, during which the rewards of miners are ‘halved’, thereby creating scarcity. According to the bank, this event could potentially trigger a bull run as it has done in the past. The article further noted how there have been such bull runs in the past following the three halving events that have occurred and how the bull run lasted for 12 to 18 months after then. Morgan Stanley’s prediction echoes that of several crypto analysts who have predicted that the Bitcoin Halving could spark the next bull run. Specifically, the co-founder of Delphi Digital, Kevin Kell, while highlighting metrics that showed that the next bull run was close, noted that Bitcoin has broken to a new all-time high (ATH) seven months after the last two halvings occurred. Understanding The Four Phases Of Crypto While trying to avoid giving a definite time as to when to invest ahead of the next bull run, Morgan Stanley noted the importance of learning about the ‘four phases of cryptocurrency prices’ in order for one to make a conviction play as to the right time to invest. These four phases are said to correspond roughly to the four seasons of the year. The first phase is ‘Summer’ when Bitcoin experiences the…
The post When Will The Bitcoin Bear Market End? US Mega Bank Has The Answer appeared on BitcoinEthereumNews.com.
In a recent development, leading investment bank Morgan Stanley has weighed in on when the lingering Bitcoin bear market is likely to end. Interestingly, they share some similar views with analysts who have made predictions in the past. Bitcoin Halving A Major Factor In an article released by the investment bank, Morgan Stanley highlighted Bitcoin’s importance as the leading crypto and how the Bitcoin Halving, which is set to take place in April 2024, could affect its price and other crypto tokens by extension. Bitcoin halving is a deflationary measure that occurs every four years, during which the rewards of miners are ‘halved’, thereby creating scarcity. According to the bank, this event could potentially trigger a bull run as it has done in the past. The article further noted how there have been such bull runs in the past following the three halving events that have occurred and how the bull run lasted for 12 to 18 months after then. Morgan Stanley’s prediction echoes that of several crypto analysts who have predicted that the Bitcoin Halving could spark the next bull run. Specifically, the co-founder of Delphi Digital, Kevin Kell, while highlighting metrics that showed that the next bull run was close, noted that Bitcoin has broken to a new all-time high (ATH) seven months after the last two halvings occurred. Understanding The Four Phases Of Crypto While trying to avoid giving a definite time as to when to invest ahead of the next bull run, Morgan Stanley noted the importance of learning about the ‘four phases of cryptocurrency prices’ in order for one to make a conviction play as to the right time to invest. These four phases are said to correspond roughly to the four seasons of the year. The first phase is ‘Summer’ when Bitcoin experiences the…
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