Bitcoin Q2 Fundamental Forecast: Current Demand/Supply Imbalance is Driving Bitcoin Higher

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In this article, we delve into the fundamental outlook for Bitcoin, examining significant market catalysts that may shape the trajectory of cryptocurrencies in the second quarter.

Past Halvings occurred in 2012 , 2016 , and 2020 . The next Halving is expected around mid-April 2024 and will see block rewards drop from 6.25 to 3.125 BTC.While the Bitcoin spot ETF provided a wide range of investors an opportunity to own the asset, it also gave the SEC and ETF providers with a rough template for a range of new cryptocurrency ETFS.

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We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.

 

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