{"id":572815,"date":"2024-02-02T03:00:52","date_gmt":"2024-02-02T03:00:52","guid":{"rendered":"https:\/\/uniquehot.com\/?p=572815"},"modified":"2024-06-11T08:31:13","modified_gmt":"2024-06-11T08:31:13","slug":"market-survey-signals-bull-run-investors-predict-bitcoin-to-surpass-69000-post-halving","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/market-survey-signals-bull-run-investors-predict-bitcoin-to-surpass-69000-post-halving\/","title":{"rendered":"Market Survey Signals Bull Run: Investors Predict Bitcoin To Surpass $69,000 Post Halving"},"content":{"rendered":"

A recent survey conducted by Bitget has shed light on investors’ optimistic outlook towards the upcoming Bitcoin (BTC)<\/span> halving event <\/span><\/a>scheduled for April 2024. Notably, the survey indicates that most respondents anticipate Bitcoin surpassing its all-time high (ATH) of $69,000 during the next bull run.\u00a0<\/span><\/p>\n

The study also highlights diverse predictions for Bitcoin’s price during the halving and provides insights into investment intentions across different regions.<\/span><\/p>\n

Bullish Sentiment Soars<\/span><\/h2>\n

According to the <\/span>survey<\/span><\/a>, an overwhelming 84% of respondents globally predict Bitcoin will exceed its previous ATH of $69,000 in the next bull run. This sentiment is particularly strong in Latin America, East Asia, and South East Asia. However, European regions exhibit more conservative expectations.<\/span><\/p>\n

The survey reveals diverse predictions for Bitcoin’s price during the halving. While more than half of the respondents anticipate a price range between $30,000 and $60,000, around 30% believe that <\/span>BTC\u2019s price<\/span><\/a> will surpass $60,000. The optimism is especially pronounced in markets like Latin America.<\/span><\/p>\n

Related Reading: Solana Whales Move $82 Million Worth Of SOL, Will Price Crash Below $90?<\/a><\/div>\n

Moreover, approximately 70% of respondents expressed plans to increase their crypto investments, indicating robust confidence in the potential of the crypto market.\u00a0<\/span><\/p>\n

The study highlights a stronger inclination to increase investments in regions like the Middle East\/North Africa (MENA) and East Europe. In contrast, South East and East Asia present a more mixed <\/span>investment outlook<\/span><\/a>.<\/span><\/p>\n

The survey reveals interesting regional variations in sentiment and expectations. Western European investors exhibit a “short-term cautious, long-term optimistic” sentiment, while Western Europe shows a relatively conservative outlook during the halving period.\u00a0<\/span><\/p>\n

Gracy Chen, Managing Director of Bitget, emphasizes the significance of the survey results in understanding the evolving landscape of cryptocurrency investment, stating:\u00a0<\/span><\/p>\n

We are pleased to see such positive sentiment emerging as market conditions continue recovering. At Bitget, we firmly believe in Bitcoin’s potential to establish itself as a truly global store of value.<\/span>
\n<\/span><\/p><\/blockquote>\n

Bitcoin Halving Cycles<\/span><\/h2>\n

Renowned crypto analyst Rekt Capital has delved into the historical patterns surrounding Bitcoin halving events, shedding light on the typically occurring five phases<\/span>.\u00a0<\/span><\/p>\n