<center>https://i.imgur.com/2HVsSON.png</center>
[Victor Forgacs | Unsplash](https://unsplash.com/es/fotos/smartphone-android-negro-sobre-textil-negro-3PyBkxgTiL0)

---

<div class="text-justify">

<div>

Once again we are facing a red market in the most influential [cryptocurrencies](https://inleo.io/@leoglossary/cryptocurrency) of recent times; orchestrated by the currency par excellence, [Bitcoin](https://inleo.io/@leoglossary/leoglossary-bitcoin).

The market responded to a decline following a significant drop in the price of BTC, falling below $41,000 US$. There was also a decrease in the price of major cryptocurrencies such as $AVAX by 7.4%, $SOL by 5.3%, and $ADA by 4.4% in 24 hours, among others, according to data provided by CoinGecko.

Apparently, the stagnation that occurred since the approval of the Bitcoin spot [ETF](https://inleo.io/@leoglossary/leoglossary-exchange-traded-fund-etf) generated uncertainty. Even I can agree with this, as many of us were expecting this ingredient to be one of the catalysts in increasing the price or at least bringing it closer to its [ATH](https://inleo.io/@leoglossary/leoglossary-all-time-high-ath).

Undoubtedly, what is needed under this perspective is a lot of patience and a great capacity for analysis. The market does not act as expected, as there are countless factors that influence the decision of [investors](https://inleo.io/@leoglossary/leoglossary-investor) and ordinary people who are just exploring the [blockchain](https://inleo.io/@leoglossary/blockchain) space. However, this also means making a decision on how to manage their money and avoid any risk before a much worse outcome.

Generally, trends make the decisions much more pronounced, so it is almost a rule that rumors shake the market indices, generating a bullish or bearish episode. This undoubtedly is very convenient for those who make a living by analyzing the market based on these trends, as among rumors there can be some accurate predictions and consequently a winning bet.

It's no surprise that every time Bitcoin drops in price, [altcoins](https://inleo.io/@leoglossary/leoglossary-altcoin) follow suit, and when it rises, it seems that the bullish cycle is getting closer. In my opinion, what is called speculation comes along with the aforementioned, but this differs greatly as it is only a hypothesis of what could happen at some point.

I believe that we still need to give the market time to continue building its foundations for exponential growth to the point that getting alarmed by a price drop doesn't make sense if what is to come will have significantly beneficial repercussions. And I'm not only talking about how the market may respond in the future, but also about blockchain technology and how it manages to solve issues that contribute to our humanity's further growth.

Behind every cryptocurrency, there is a project that provides solutions to problems that arise over time. It is crucial, in my understanding, to know what each [ecosystem](https://inleo.io/@leoglossary/leoglossary-ecosystem-digital) can offer to the world, and as long as what is offered is an advancement towards our goals, we will undoubtedly be betting on something safe and reliable in the long term.

If we talk about optimism, [Pantera Capital](https://panteracapital.com/blockchain-letter/the-year-ahead-2024/) has projected the price of Bitcoin for the rest of the year. There are expectations for increased cryptocurrency market activity that will generate a bullish season.

---

<center>https://i.imgur.com/yOiJrLR.png</center>
[Post of Pantera Capital](https://x.com/PanteraCapital/status/1747291986044879231?s=20) 

---

It is interesting that everything leans towards an analysis of past and present times, so that there can be insights into what could happen in the coming months, where not only an increase in major cryptocurrencies is expected, but also in DeFi after the innovation of their architectures, tokenization, and zero-knowledge proofs.

After seeing the Pantera announcement, I noticed how interesting the world of Bitcoin analysis and future prediction is. It shows with data and charts that the performance of BTC has its phases, and after its participation ends, the phase of altcoins begins, creating growth in the overall [market capitalization](https://inleo.io/@leoglossary/leoglossary-market-capitalization).

The prominence is clear but from that derives what may happen to the general environment of cryptocurrencies, which in my opinion is simply fascinating, and I have no doubt that the moment of steady and completely green growth will come. We are still waiting for the Bitcoin [halving](https://inleo.io/@leoglossary/leoglossary-halving), which can be a very important catalyst, when BTC [miners](https://inleo.io/@leoglossary/leoglossary-miners) halve their mining rewards.

We all know or should know that halving a coin would increase its price for the simple reason that there will be a higher level of scarcity, and the demand for the asset should logically rise. Therefore, this is one more indicator that such a prediction could be true, along with other factors to understand.

Currently, miners are generating rewards of 6.25 BTC, after the halving that will occur in April, it will be reduced to 3.125 BTC. This would increase their efficiency.

As for me, I can only say that the key moment will come. The Bitcoin ETF has already been approved, and there may be some regulations to consider throughout the year. This could be seen as something negative, but looking at it from a clear perspective, the flow of income would inject more capital from investors who believe in Bitcoin, and consequently soon into the rest of cryptocurrencies.

Greater exposure to more clients interested in a novel form of investment would definitely achieve that long-awaited adoption. Being optimistic, I think, would be the best catalyst we have at the moment.
</div>

---

<center>https://i.imgur.com/H4hSAMT.png</center>  

- I have consulted information to create this article in [cryptonews.com](https://cryptonews.com/news/pantera-capital-projects-bitcoin-price-resurgence-and-increased-defi-market-activity.htm).
- I have used Hive Translator to translate from Spanish to English.

Posted Using [InLeo Alpha](https://inleo.io/@vikvitnik/are-there-expectations-for-further-bullish-bitcoin-activity-pantera-capitals-annual-projection)