• 10x Market Updates
  • Posts
  • Next Week's Data Point Could Trump Bitcoin Halving's Impact - Here's Why

Next Week's Data Point Could Trump Bitcoin Halving's Impact - Here's Why

Institutional Crypto Research Written by Experts

Author

Markus Thielen
April 02, 2024

Together with

Make Your Money a Multitasker.

With Betterment's expert-built ETF portfolios, you’re automatically diversified across thousands of stocks and bonds at once. These expert-built portfolios are designed to help reduce risk, regardless of what’s happening in the market.

Next Week's Data Point Could Trump Bitcoin Halving's Impact - Here's Why

👇1-12) Besides ‘being early,’ crypto returns are often defined by two significant factors – the cycle AND the macro environment. Understanding both tends to help make the right decisions in capturing waves and preventing large PnL drawdowns.

👇2-12) On October 28, 2022, we called for a bottom in Bitcoin and expected that 16 months later, Bitcoin would be trading at 63,000 in March 2024. In December 2022, most economists expected higher inflation for the foreseeable future and a US recession in 2023. We had a different view, and our models predicted a sharp decline in inflation (CPI) that would cause a massive rally in Bitcoin (and tech stocks).

👇3-12) Although macro (changes in growth, inflation, and central bank policies) didn’t impact Bitcoin (crypto) prices for the last twelve months, those macro factors might now be the most critical again. Next week’s macro data point might be even more important than the halving date.

QuickNode RPC enables seamless interaction with blockchain data, facilitating swift transactions and smart contract executions. This powerful tool empowers users to build dynamic DeFi applications, optimize trading strategies, and incorporate blockchain technology into their digital infrastructure, all while ensuring data accuracy and operational efficiency. QuickNode is the fastest provider and the expert in performance.

Subscribe to Market Updates to read the rest.

Become a paying subscriber of Market Updates to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

A subscription gets you:

  • • Receive 2-4 concise, informative Market Updates reports per week.
  • • We cover everything that impacts the price of Bitcoin and other major cryptos, from on-chain data to macro and market structure (funding rates, money flows, etc.). Our insights are trusted by some of the largest hedge funds and traders in the industry.
  • • You'll gain full access to our in-depth 'Market Update' analysis, informed by our experience at leading investment banks like Goldman Sachs, Morgan Stanley, and JP Morgan, as well as managing hedge fund capital at Millennium.
  • • We rigorously backtest our insights and are unafraid to call bullish or bearish market conditions. Our research is unique and grounded in solid financial analysis, offering perspectives you won't find anywhere else.