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Investors Seek to Dominate Market Before BTC Halving: Analyst

Published 31/07/2023, 12:42
© Reuters. Investors Seek to Dominate Market Before BTC Halving: Analyst

  • Lark Davis predicted that BTC may exit its “boring” cycle after 18-24 months.

  • The investor noted that volatility in the market has been lacking despite multiple positive developments.

  • At press time, BTC was changing hands at $29,398.62 following a 0.39% 24-hour gain.

An entrepreneur and Bitcoin (BTC) investor Lark Davis revealed his prediction where he thinks the leading cryptocurrency will escape its “boring” price movement. In the video, he highlighted that volatility in the overall cryptocurrency market has been lackluster despite several significant developments over the past couple of months.

In addition to the low levels of volatility, Davis also revealed that investor sentiment in the overall cryptocurrency market is neutral as investors are currently unsure of what to make of anything. One potential development that may cause cryptocurrency prices to rise is the number of BTC ETF applications that are being filed by institutional investors, according to Davis.

…The post Investors Seek to Dominate Market Before BTC Halving: Analyst appeared first on Coin Edition.

The post Investors Seek to Dominate Market Before BTC Halving: Analyst appeared first on Coin Edition.

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