A recent survey among Korean crypto investors provides valuable insights into current expectations in the digital asset market. Conducted between April 14 and 18 among 2,000 investors, the study sheds light on forecasts for Bitcoin and altcoins.
Bitcoin Price Prediction: Rising Optimism
According to the survey, 33% of respondents expect Bitcoin prices to rise in the upcoming week, an increase from 24.6% in the previous week. Additionally, 35.7% anticipate market stability, while 31.3% foresee a potential decline. This indicates a general optimism among investors regarding Bitcoin's short-term dynamics.
Market Sentiment: Fear vs. Optimism
The survey also explored investors' emotional state. 46% of respondents experience fear or extreme fear, while 24.7% express optimism. This reflects a mixed picture where fear and caution still dominate despite growth opportunities.
Altcoin Expectations: When Will Altseason Start?
The majority of investors (36.7%) expect the next altseason to begin in the third quarter of 2024, with 22% predicting it will start in the fourth quarter. 16.7% believe altseason could commence even in the current quarter. These expectations demonstrate hope for a rebound in altcoins in the future.
The survey of Korean crypto investors reveals a complex interplay between optimism and caution. The forecasts for an altseason in the third quarter of 2024 and rising interest in Bitcoin suggest potential changes in the market, making it crucial to monitor developments closely.
