On October 6, Capriole Fund founder Charles Edwards noted that the number of long-term custodians of Bitcoin had increased dramatically, a trend comparable only to 2016. This could have a big impact on the market in 2024, and the next bull market could be even bigger. 📈🚀
The current market fear and greed index is neutral (50), but analysts are confident that a new cycle will begin next year and peak in 2025. Possible factors driving the rise: the approval of the Bitcoin ETF, the reduction in the supply of Bitcoin and the victory of large companies such as Ripple, Coinbase and Grayscale over the SEC.
The current market fear and greed index is neutral (50), but analysts are confident that a new cycle will begin next year and peak in 2025. Possible factors driving the rise: the approval of the Bitcoin ETF, the reduction in the supply of Bitcoin and the victory of large companies such as Ripple, Coinbase and Grayscale over the SEC.