#Bitcoin Bitcoin Acts Like Nvidia - Expect Corrections Before New ATH, Says Analyst
✅As Bitcoin approaches new heights, recent market observations suggest that the path to all-time highs will remain volatile, with significant corrections of over 20% likely even during bullish periods.
Meanwhile, the broader crypto and tech sectors are closely intertwined, with some analysts drawing parallels between Bitcoin's resilience and the explosive growth seen in artificial intelligence stocks, notably Nvidia. The ongoing debate about Bitcoin's price trajectory continues amid macroeconomic and regulatory uncertainties, highlighting the complexities of navigating the current crypto environment.
✅Bitcoin's rise toward new all-time highs is expected to include major corrections of 20% or more, even in Q4, despite historically being a strong quarter for crypto assets.
✅Market analyst Jordi Visser compares Bitcoin to Nvidia, noting how Al stocks have experienced similar corrections before reaching new peaks.
✅Artificial intelligence is positioning as a dominant force, potentially diminishing traditional stocks and elevating Bitcoin as a store of value in the digital economy.
Investor sentiment remains divided on whether Bitcoin will hit new highs near $140,000 or face a prolonged downturn to around $60,000 amid regulatory and market concerns.
The journey to Bitcoin's next all-time high is expected to be tumultuous, with frequent corrections of more than 20%, a pattern that has characterized previous bull runs. Despite these fluctuations, Bitcoin maintains its reputation as a resilient digital asset amid heightened market volatility. Market analyst Jordi Visser emphasizes the correlation between cryptocurrency and technology stocks, particularly in the context of artificial intelligence growth. He highlights Nvidia's performance, which has surged over 1,000% since the launch of ChatGPT, experiencing multiple corrections of 20% or more along the way. #LatestUpdate #GatePost
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Rrr27377
· 09-29 12:03
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Biba
· 09-29 07:33
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Rrr27377
· 09-29 07:21
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Rrr27377
· 09-29 06:57
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Rrr27377
· 09-29 06:51
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Rrr27377
· 09-29 06:50
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Rrr27377
· 09-29 06:46
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Rrr27377
· 09-29 06:46
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Rrr27377
· 09-29 06:45
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Rrr27377
· 09-29 06:44
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#Bitcoin Bitcoin Acts Like Nvidia - Expect Corrections Before New ATH, Says Analyst
✅As Bitcoin approaches new heights, recent market observations suggest that the path to all-time highs will remain volatile, with significant corrections of over 20% likely even during bullish periods.
Meanwhile, the broader crypto and tech sectors are closely intertwined, with some analysts drawing parallels between Bitcoin's resilience and the explosive growth seen in artificial intelligence stocks, notably Nvidia. The ongoing debate about Bitcoin's price trajectory continues amid macroeconomic and regulatory uncertainties, highlighting the complexities of navigating the current crypto environment.
✅Bitcoin's rise toward new all-time highs is expected to include major corrections of 20% or more, even in Q4, despite historically being a strong quarter for crypto assets.
✅Market analyst Jordi Visser compares Bitcoin to Nvidia, noting how Al stocks have experienced similar corrections before reaching new peaks.
✅Artificial intelligence is positioning as a dominant force, potentially diminishing traditional stocks and elevating Bitcoin as a store of value in the digital economy.
Investor sentiment remains divided on whether Bitcoin will hit new highs near $140,000 or face a prolonged downturn to around $60,000 amid regulatory and market concerns.
The journey to Bitcoin's next all-time high is expected to be tumultuous, with frequent corrections of more than 20%, a pattern that has characterized previous bull runs. Despite these fluctuations, Bitcoin maintains its reputation as a resilient digital asset amid heightened market volatility. Market analyst Jordi Visser emphasizes the correlation between cryptocurrency and technology stocks, particularly in the context of artificial intelligence growth. He highlights Nvidia's performance, which has surged over 1,000% since the launch of ChatGPT, experiencing multiple corrections of 20% or more along the way.
#LatestUpdate #GatePost