Here’s What Could Trigger a Bitcoin Bull Run
Crypto analyst Kevin Svenson believes two key factors could drive Bitcoin (BTC) toward new highs.
In a recent update, Svenson explained that both the stock market’s performance and the increase in global liquidity are setting the stage for a potential Bitcoin rally.
He highlighted the SP 500’s unexpected rebound, now nearing its all-time high, as a sign of broader market recovery.
Additionally, with global money supply on the rise and expectations of interest rate cuts, Svenson sees favorable conditions for Bitcoin’s growth.
Svenson also pointed out that Bitcoin’s current price movement aligns with previous cycles, suggesting that the cryptocurrency is on track to reach new all-time highs.
Despite market volatility, he remains optimistic about Bitcoin’s trajectory.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
REEFUSDT is Now Available on Futures
Bitget launched REEFUSDT futures on September 20 , 2024 (UTC+8) with a maximum leverage of 50x. Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. REEFUSDT-M perpetual futures: Parameters Details Listing time September 20, 2024 18:30 (UTC+8) Underlying asset REE
Is The Uptober Bull Run Starting? AI Cryptos Jump 8%, Meme Coins Surge 7% As ETH And SOL Soar
MetaCene (MAK): Unlocking Real Value in Virtual Worlds
What is MetaCene (MAK)? MetaCene (MAK) is a play-to-earn game that offers an innovative economic ecosystem where players can earn cryptocurrency and NFTs through various in-game activities. MetaCene provides players with a rich, immersive gaming experience set in a futuristic world where players ca
Trending news
MoreCrypto prices
More
