Bitcoin ve altcoinChina’s incentive package is expected for the rise in the future. Because many analysts think that China’s economic stimulus can revive the Bitcoin and cryptocurrency markets.
According to the news of The Block Bitfinex analysts He said China’s upcoming fiscal stimulus, expected to be announced on October 12, could positively impact Bitcoin and the broader cryptocurrency market.
Stating that China’s fiscal stimulus plans have become a focus even for Bitcoin and cryptocurrencies, Bitfinex analysts said that reduced liquidity could benefit risky assets such as BTC.
“We expect the significant amount of fresh liquidity injected into the market to have a positive impact on all risky assets, including cryptocurrencies.
The full scale and scope of China’s stimulus packages are still unclear and could surprise the market. We expect increased market volatility, especially if China’s stimulus becomes larger than anticipated.
Because the expected effects of the incentives have not yet been fully priced.”
Chinese Finance Minister Lan Fo’an, who has recently announced consecutive economic incentive packages, is expected to announce a new incentive package at the press conference to be held tomorrow morning.
Three Key Catalysts That Could Support Bitcoin!
ETC Group analysts also announced their Bitcoin predictions. at this point ETC Group Analysts state that the global money supply has reached an all-time high BTC He stated that it indicates an upward trend for
Analysts also revealed three key catalysts that could support Bitcoin’s rise in the coming months: “Historical Bitcoin halving cycle dynamics, global economic recovery and upcoming US presidential elections.”
ETC analysts announced their Bitcoin expectations if Trump and Harris win:
“If the US elections were held today, a Trump win would mean an increase in Bitcoin’s price of approximately 10.7%, while a Harris win would lead to a 10.5% drop based on historical sensitivities.
However, it should also be noted that Bitcoin performed well after past US presidential elections in 2012, 2016 and 2020, regardless of the winning party.”
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/bitcoin-ve-altcoinlerde-yarina-dikkat-cinden-gelecek-haber-bekleniyor-yukselis-yasanacak-mi/
