As analysts Marion Laboure and Cassidy Ainsworth-Grace explained, market participants were aware of the impending halving, so it had an effect even before it happened.
According to Deutche Bank, the first cryptocurrency’s price will soon enter a flat market, where its value does not rise but also does not fall for a period of time:
We anticipate no change to Bitcoin’s price from where it is now. The US Federal Reserve lowering the key rate and the anticipated launch of spot ETFs on Ethereum are the reasons behind this.
Deutsche Bank (ETR:DBKGn) analysts are optimistic about the future of Bitcoin and the cryptocurrency industry, but they do not anticipate significant price swings in digital gold.
Deutsche Bank had previously polled over 3,600 customers in the United States, the United Kingdom, and the European Union. In spite of widespread optimism, the poll found that just 10% of people think the price of bitcoin will rise above $75,000 by year’s end 2024.