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CryptoQuant, the cryptocurrency data analytics platform, stated in its weekly report that Bitcoin's recent price performance closely resembles past cycles, indicating that the asset "may remain in a consolidation phase until the halving event in 2024," but suggests that "after the 2024 halving event, prices will increase significantly." CryptoQuant analysts believe that Bitcoin's current valuation is undervalued and lacks widespread retail speculative activity, providing data-backed support for its potential future price growth. |
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Post time 28-9-2023 06:46:10