Bitcoin holders have been celebrating one year since 2024 Bitcoin by praising the BTC flexibility amid a global trade war and proposing the rapid market cycle due to an increasing institutional presence.
2024 Bitcoin Half Low block bonuses of 6.25 Bitcoin (BTC) to 3.125 BTC, and reducing a new BTC version in half.
Despite the increasing concerns about a global trade war and the rising tariff tensions between the United States and China, BTC has increased by more than 33 % since April 2024, Cointelegraph Markets Pro appears.
“Although Bitcoin shows flexibility, I think a mixture of previous experiences, economic uncertainty, and this pressure pressure is to maintain investors on the margin, waiting for a stronger green light before jumping,” said Enmanwal Cardoso, a market analyst at the distinguished symbol platform.
Cardozo added that institutional investment from companies such as strategy and tension can accelerate the traditional half -year cycle for a four -year in Bitcoin. He added:
“For the year 2024 in May, this puts the bottom around Q3 this year and a climax in mid -2016, but I think we may see things that move it a little closer because the market is now more mature with more liquidity.”
However, the Bitcoin path is still linked to the broader monetary policy. He said that the US Federal Reserve in May or June may “pump more money into the system and pay Bitcoin to the top faster.”
Half is a built -in Bitcoin network that guarantees Bitcoin scarcity, which is one of the specific monetary properties of BTC.
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Investment funds and institutions that feed a faster session
Institutional adoption and Bitcoin Funds (ETFS) may contribute to a shorter market session, according to Vugar Usi Zade, CEO of Operations at Bitget Exchange.
Cointelegraph said that continuous institutional purchase, including by the Bitcoin Investment Funds, is associated with the growing Bitcoin scarcity, may accelerate the rise of Bitcoin to its highest new levels.
“With the increasing scarcity of half, Bitcoin is likely to re -test it at all if the $ 90,000 brand is violated in the coming weeks,” said USi Zade. “While the half provides a good basis for growth based on demand and scarcity, the schedule for influencing the price can vary over time.”
He pointed out that Bitcoin’s growth is still closely related to traditional financial markets and investor morale.
Related to: Bitcoin speculation decreases as investors seek safety
Bitcoin reached the highest new level ever at $ 109,000 on January 20, 273 days of half of Bitcoin 2024, indicating the accelerating market cycle.
In comparison, it took Bitcoin 546 days to reach its highest levels ever after a temperature of 2021, and 518 days after 2017, according to the data of the famous Jelle encryption dealer, on April 8 x mail.
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