When will Bitcoin go up? – After reaching its all-time high, BTC sinks again
The question when will Bitcoin rise resonates strongly in the investment community after the recent rollercoaster that has
experienced the most famous cryptocurrency in the world. Bitcoin, known for its volatility, hit a new all-time high, only to crash shortly after.
In a market where uncertainty seems to be the only constant, understanding the causes behind Bitcoin's movements is crucial for investors looking to navigate these turbulent waters.
From the approval of Bitcoin ETFs to the anticipated halving, several elements have played a role in the recent volatility.
Government regulations and monetary policies also play an important role.
Announcements of stricter regulations or bans in certain countries can cause uncertainty and fear, leading to massive sales.
On the other hand, adopting favorable policies towards cryptocurrencies can encourage investment and increase the price of Bitcoin.
John Bollinger, creator of Bollinger Bands, offers a measured perspective, suggesting that while profit-taking at new highs is typical, the magnitude of the selling raises questions.
This opinion, along with Raoul Pal's view on settlement days as investment opportunities, highlights the complexity of interpreting market movements and the importance of a well-considered investment strategy.
