Analyst: The Bitcoin cycle may have turned, and the overall market outlook is positive by year-end
According to ChainCatcher, Jurrien Timmer, Global Macro Director at Fidelity, has recently analyzed that bitcoin has broken its upward trend line, which may signal the end of another 4-year cycle. Data shows that the amplitude of each bitcoin growth cycle is gradually narrowing and the duration is extending, indicating that its network is becoming increasingly mature.
Although bitcoin has underperformed this year, the overall market is ending the year with strong profitability, improved investment sentiment, accommodative Federal Reserve policies, and stable bond and currency markets, presenting a positive outlook.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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