The leading cryptocurrency Bitcoin (BTC) has been experiencing serious volatility since the start of the war between Russia and Ukraine. BTC, which regressed to $ 34,000 and instantaneous $ 33,000 candles, is very close to the $ 39,000 level again as of now.
With the uncertainty caused by the war, gold rose sharply at first, but now it has lost its value. A famous name emphasized that Bitcoin is waiting for the next rally.
The Pantera Capital team is one of the most important capital companies in the crypto money industry, and the comments of the experts are therefore very important. The report titled “The Next Mega-Trade” published by Pantera Capital indicates that Bitcoin may continue its rally soon. One of the events emphasized by experts is "Tax Day", that is, April 18.
Pantera emphasized that in 2013, 2017, 2020 and 2021, that is, in previous bull seasons, the price of Bitcoin went up exactly 35 days ago. Whenever the BTC price achieved such an increase, when the tax declaration day came on April 18, it ate hard sales.
The Pantera Capital team emphasized that many cryptocurrency investors are new to the industry and want to evade taxes by selling heavily before tax day arrives.
Another important point was the policy of the FED during the Covid-19 pandemic. The company thinks that printing more fiat money will explode somewhere and the problems in the 2020-21 period will come to light in 2022. CEO Dan Morehead pointed to April, noting that the BTC price will start to rally soon.
Bitcoin (BTC) was priced around $39.005 at the time of writing, with a 24-hour trading volume of $20,875,655,389 according to data from CoinGecko. BTC price is up 0.9% in the last 24 hours. There is a supply of 19 Million BTC coins in circulation, and a total supply of 21 Million coins. FTX is currently the most active market for BTC trading.