Deutsche Bank: bitcoin halving has been partially priced in, a sharp rally may be unlikely to follow
The halving of bitcoin rewards is expected to have been partially digested by the market over the next few days, and the cryptocurrency is unlikely to see a significant rally after the halving, Deutsche Bank (DB) said in a research note on Thursday. The analysis noted that Bitcoin prices are expected to remain elevated due to market expectations for future spot ethereum ETF approvals, future central bank interest rate cuts, and regulatory changes, in addition to the fact that the outlook for the entire Bitcoin ecosystem and the broader cryptocurrency space is starting to look exceptionally favorable with the proliferation of Layer2 solutions and DeFi activity, which enhances the utility of the network.
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