Bitcoin‘s price movements in the market ahead of the Halving event have defied expectations, with the coin charting its path contrary to analysts’ predictions.
Despite this unpredictability, one analyst foresees a bullish trend post-Halving, citing instances where Bitcoin has diverged from historical trends.
In the past, Bitcoin experienced sharp contractions after significant rallies, but it rebounded unexpectedly, breaking previous all-time highs before the Halving event.
This analyst anticipates a similar scenario, suggesting that Bitcoin may outperform altcoins due to increased regulatory scrutiny and its status as the only cryptocurrency with a U.S. SEC-approved ETF.
Despite current bearish formations, the analyst believes Bitcoin could enter a multi-year “up only” phase akin to gold’s trajectory post-ETF approval.
Source: NEWSBTC
