"Forget the Dip! Bitcoin New All-Time Highs By THIS Date..." Rational Root Crypto Prediction 2024
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Renowned Bitcoin on-chain analyst and commentator, Rational Root, recently expressed a highly bullish view on Bitcoin during an interview. His stance is backed by charts reflecting previous market trends.
Rational Root discussed Bitcoin's four-year cycle and noted that the current market could remain stable, moving sideways for the next six months without significant deviation.
He also forecasted a new all-time high for Bitcoin post-summer, which he believes will rejuvenate market optimism.
Although there have been notable outflows from Spot ETFs recently, mainly driven by retail investors rather than institutional ones, Rational Root remains optimistic. This is largely due to the impressive growth rate of Bitcoin spot ETFs.
Moreover, there are significant inflows that continue to exceed the supply issuance of Bitcoin, adding to his positive outlook.
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