Next 6 months
I'm sorry this is a bit old post, but I'll upload it as a memorandum. Source Cointelegraph cointelegraph.c...
“Bitcoin is moving the same way as its half-life in 2016” is also expected to reach 0.35 million dollars by 2025
Cryptocurrency traders have pointed out that Bitcoin is approaching the bottom price based on the fact that it is moving in the same trajectory as after its half-life in 2016. Furthermore, another indicator is that the ceiling for this cycle could reach 0.35 million dollars.
Recto Capital, an anonymous cryptocurrency trader, said in a 5/11 post, “Bitcoin perfectly reproduces the history of 2016. Currently, I have a lower beard that falls below the lower limit of the re-accumulation range during the 3 weeks after the half-life,” he said to XpostsI did it.
According to him, the cycle's reaccumulation range is below $61,081. Bitcoin (BTC) is currently trading at $60,901, which is below this range, according to CoinMarketCap data.
Source: Rekt Capital
Furthermore, he emphasized that Bitcoin was moving similarly even at the “adjustment before half-life” stage. After passing this stage in 2016, it surged 48% to 973 dollars just six months later on December 30.
However, according to one chart, the rate of decline from the highest price (ATH) seems to suggest more ambitious prices. Timothy Peterson, founder and investment manager of Kane Island Alternative Advisors, estimates that the current price of Bitcoin could rise about 6 times by early 2025.
Mr. Peterson explained in a 5/11 post that “based on the recruitment situation so far and past adjustment rates, it can be estimated that the peak of this cycle will be between 0.17 million 5,000 dollars and 0.35 million dollars in the next 9 months.”
“Historically, this bull market will end in January 2025,” Peterson added.
Recto Capital, an anonymous cryptocurrency trader, said in a 5/11 post, “Bitcoin perfectly reproduces the history of 2016. Currently, I have a lower beard that falls below the lower limit of the re-accumulation range during the 3 weeks after the half-life,” he said to XpostsI did it.
According to him, the cycle's reaccumulation range is below $61,081. Bitcoin (BTC) is currently trading at $60,901, which is below this range, according to CoinMarketCap data.
Source: Rekt Capital
Furthermore, he emphasized that Bitcoin was moving similarly even at the “adjustment before half-life” stage. After passing this stage in 2016, it surged 48% to 973 dollars just six months later on December 30.
However, according to one chart, the rate of decline from the highest price (ATH) seems to suggest more ambitious prices. Timothy Peterson, founder and investment manager of Kane Island Alternative Advisors, estimates that the current price of Bitcoin could rise about 6 times by early 2025.
Mr. Peterson explained in a 5/11 post that “based on the recruitment situation so far and past adjustment rates, it can be estimated that the peak of this cycle will be between 0.17 million 5,000 dollars and 0.35 million dollars in the next 9 months.”
“Historically, this bull market will end in January 2025,” Peterson added.
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