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CryptoIntelligence 2024-04-21 20:33:00

Bitcoin’s Fourth Halving Sparks Bullish Outlook Amid ETF Growth and Record Highs

Bitcoin’s Fourth Halving Sparks Bullish Outlook Amid ETF Growth and Record Highs

The fourth Bitcoin halving, occurring on April 20, might initiate the “most bullish” cycle for Bitcoin, influenced by historical trends and the introduction of spot Bitcoin exchange-traded funds (ETFs). On March 13, Bitcoin’s value soared to an unprecedented high of over $73,600, anticipating the halving event. This milestone was historically followed by significant price surges between 518 to 546 days after previous halvings. According to Sukhveer Sanghera, founder and CEO of Earth Wallet, the confluence of factors surrounding this halving presents an exceptionally optimistic outlook for Bitcoin. “The combination of nearly all BTC having been mined, early investor via ETFs,

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