{"id":13439,"date":"2024-05-13T10:30:00","date_gmt":"2024-05-13T07:30:00","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoins-sideways-movement-predicted-for-may-with-growth-expected-later\/"},"modified":"2024-05-13T10:30:00","modified_gmt":"2024-05-13T07:30:00","slug":"bitcoins-sideways-movement-predicted-for-may-with-growth-expected-later","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoins-sideways-movement-predicted-for-may-with-growth-expected-later\/","title":{"rendered":"Bitcoin’s Sideways Movement Predicted for May with Growth Expected Later"},"content":{"rendered":"

The current lull in Bitcoin’s activity may persist until early summer, but a return to growth is anticipated in the third and fourth quarters, according to Bitfinex, as reported by CoinDesk<\/a>.<\/p>\n

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“We expect the market to remain uncertain in the short term with low volatility until the actual winding down of QT<\/a> in June,”<\/em> the experts noted.<\/p>\n<\/blockquote>\n

They pointed out that the Federal Reserve<\/span> announced plans in May to limit the pace of its balance sheet reduction starting in June, which will positively impact dollar liquidity and benefit risk assets like cryptocurrencies.<\/p>\n

The decline of the American currency from a six-month peak following the Federal Reserve meeting and a weak employment report marked a turning point in the trend. The weakening of the USD<\/span> could support the next stage of the digital asset rally, the experts added.<\/p>\n

According to Charles Edwards, founder of Capriole Investment, Bitcoin is in the “bore you to death” phase.<\/p>\n

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Bitcoin is in the “Bore you to Death” Phase. This lasts between 1-6 months and is designed to bore you to death. When you are sufficiently bored from sideways chop, common symptoms will include thinking the halving is priced in, the bull market is over and selling to buy stocks\u2026<\/p>\n

\u2014 Charles Edwards (@caprioleio) May 9, 2024<\/a><\/p><\/blockquote>\n