Crypto analyst CryptoCon In his latest market analysis, he stated that Bitcoin’s current price is similar to December 2016. Then he went on to explain what he was saying and what awaited from the flagship crypto going forward.
“It Is September 2016 All Over Again For Bitcoin”
CryptoCon is mentioned on X (formerly Twitter). post It is again September 2016 for Bitcoin. He also said that the “Bitcoin trend strength prophecy” He explained that just like in September 2016, the same has happened. The same as in September 2016 Bitcoin The support zone has been dipped after the mid-top.
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Further support for his view that flagship crypto He noted the trend of alternating support zones for all months. He asserted the “pattern of 3’s” Bitcoin has yet to fail, whether in a bear or mid-cycle market. Bitcoin’s chart indicated that it is at the end of its cycle. reaccumulation zoneJust as in 2016, the cycle peak occurs just before the cycle bottom.
CryptoCon, following his analysis, boldly declared that the cycle was not over. This gave belief that Bitcoin would still reach new highs, and exceed its current levels. all-time high (ATH) The crypto analyst had previously hit $73,000 in March this year. Crypto analyst assured Bitcoin price drops are only a temporary setback, and the cryptocurrency will rise as high as $60,000 by the end of the year. this bull run.
CryptoCon has also pointed out that Bitcoin is experiencing a choppy market. “boring” The crypto analyst had observed that previous cycles of halving occurred just prior to new ATHs being reached the year following the event. Crypto analyst was able to identify the halving event. previously predicted This would mean that cycle’s top will occur sometime around November 2025. This prediction is also based upon Bitcoin’s previous price movements during previous halving cycle.
BTC Investors Have More Hope
Crypto analyst Mikybull Crypto Bitcoins investors recently received hope from the news that Bitcoins’ worst is almost over. Recently, Bitcoin investors were given hope that the worst was almost over for the flagship crypto. X postHe said that Bitcoin parabolic rally The threat of a global catastrophe is imminent DXY It is about to fall apart from the macro bear-flag. This same scenario also occurred in 2017, 2020 and according to the analyst.
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Another X post, Mikybull Crypto Bitcoin is a cryptocurrency. next Expansion will increase its price to 95,000 dollars. Bitcoin’s price is rising, according to He. bull flag While the DXY on macro is a bear-flag. Crypto analyst believes macro-disbelief is ending and that Bitcoin’s parabolic rise will follow.
Bitcoin has fallen in value over the past 24 hours to $56,300. data CoinMarketCap.
Featured image was created using Dall.E chart, from Tradingview.com
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Source: www.newsbtc.com