PiCK
[Analysis] "Bitcoin (BTC) May Reach New All-Time High in Q1... Optimism from Macroeconomic Tailwinds"
- Bitcoin is reported to have a higher possibility of reaching a new all-time high within the first quarter, supported by improvements in the global macroeconomic environment and a pro-crypto policy stance.
- Analyst Pav Hundal stated that although Bitcoin's current volatility has temporarily slowed, there is a possibility of a sharp rise again.
- For investors looking for opportunities, this could be both an opportunity and a risk.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
There is a growing outlook that Bitcoin (BTC) may reach a new all-time high (ATH) within the first quarter. Analysts suggest that the improvement in the global macroeconomic environment, along with the U.S. government's pro-crypto policy stance, will support this upward trend.
According to the crypto-specialized media Cointelegraph, Pav Hundal, the chief analyst at Swyftx, stated, "The current macroeconomic environment is supporting Bitcoin's bullish trend," adding that "the position of the bears is becoming increasingly narrow."
The analyst predicted, "Although Bitcoin's volatility has temporarily slowed, there is a high possibility of a sharp rise again," noting that "this could be both an opportunity and a risk for investors."
He added, "We are about to witness the most favorable policies in the history of crypto assets," but also noted, "There is a significant gap between current investor sentiment and the actual economic environment, which investors are overlooking."