Bitcoin Bull Market Forecast: Short-term Dips Before Positive Growth

Despite an overall depressed market and now the specter of another war as tensions escalate in the Middle East, crypto experts and executives remain confident for the future.seems to be strengthening. There are various counters, but the general consensus is that this will occur in late April or early May 2024.

“The day after the halving, the Bitcoin price won’t double overnight. And people will be asking why it didn’t. The year after the halving, Bitcoin price hits multiple ATH. And people ask why. People have short memories.”“chop zones,” noting that things have moved out of the red bear market zone in preparation for another potential leg higher.

While the long-term outlook is overwhelmingly positive, the same cannot be said for the short-term, which is the rest of this year. No change to my idea shared below. Targeting 27.1k at minimum with a test of the mid-range at 26.7k seeming highly likely as well.

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