Analysts indicate that the cryptocurrency market is at a major turning point and made statements about what may happen during the halving process.
The on-chain analysis platform Santiment made a statement on March 28 about the direction of the cryptocurrency market. The statement noted that cryptocurrency investors generally hope that Bitcoin and other assets on the stock market will chart their own paths without relying on stocks or other sectors.
But this time, some viewed the fact that the SP500 and gold prices are at their peaks, and that Bitcoin and altcoins can rise due to profit distribution from these sectors as a positive divergence.
Analysts, who said that this divergence, just less than 3 weeks before the Bitcoin halving, could propel the cryptocurrency market upwards, included the following statements:
Given that Bitcoin whales have accumulated a large amount this week, and that the halving is only three weeks away, this increased optimism and the continuous contract funding rate increase on #Binance today, may have some value in predicting where the cryptocurrency market will go from here.
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