WOO X Research revises BTC price prediction and Q2 industry outlook, one day before BTC Halving
DUBAI, United Arab Emirates, April 19, 2024 (GLOBE NEWSWIRE) -- WOO X Research, a dedicated division of global crypto exchange WOO X, dedicated to impartial crypto market analysis, has revised its Q2 predictions one day before the imminent Bitcoin halving.
- DUBAI, United Arab Emirates, April 19, 2024 (GLOBE NEWSWIRE) -- WOO X Research, a dedicated division of global crypto exchange WOO X, dedicated to impartial crypto market analysis, has revised its Q2 predictions one day before the imminent Bitcoin halving.
- Key driving factors included the launch of BTC spot ETFs, the Bitcoin halving, and expectations of Federal Reserve interest rate cuts.
- Looking ahead to Q2, WOO X Research anticipates BTC to undergo corrections before and after the halving, with sustained inflows into BTC spot ETFs expected to drive prices beyond previous highs.
- WOO X Research concludes: "For now, we maintain the forecast of BTC rising to $80,000 in Q2, while cautiously monitoring off-market news for potential impacts on BTC prices."