60% of Domestic Investors Expect Bitcoin to Rise or Surge Next Week, Survey Finds

IconCryptoNewsTerminal Staff21 Jul, 2024

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60% of Domestic Investors Expect Bitcoin to Rise or Surge Next Week, Survey Finds

60% of Domestic Investors Expect Bitcoin to Rise or Surge Next Week According to a recent survey conducted by cryptonewsterminal and Cratos, 60.7% of domestic investors expect Bitcoin to rise or surge next week. This is a significant increase from last week, when only 40.1% of respondents held this view. Market Sentiment The survey also found that market sentiment is cautiously optimistic. The largest group of respondents, 44.7%, said they were neutral. However, 44.0% said they were optimistic or extremely optimistic, while only 11.3% said they were fearful or extremely fearful. Bitcoin's Bottom Regarding Bitcoin's recent recovery, the largest group of investors, 60.0%, believe that the bottom has already been reached and that an uptrend is expected to continue. Only 27% believe that the recent rise is just a temporary increase and predict a downturn. The remaining 13.0% predict sideways movement. Conclusion The survey findings suggest that domestic investors are increasingly bullish on Bitcoin. This is likely due to a combination of factors, including the recent impeachment inquiry into President Trump, which has increased the possibility of his victory in the November election.

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