2024-05-12 17:02:06

#Bitcoin narrows its price change. Which direction will it go, up or down?#

Anonymous cryptocurrency trader Rekt Capital has stated that Bitcoin is perfectly replicating its 2016 history, with a descending candle below the lower boundary of the current range of re-accumulation three weeks after the halving. Rekt said that the re-accumulation range at this stage of the cycle is any price below $61,081.
Timothy Peterson, founder and investment manager of Cane Island Alternative Advisors, pointed out the decrease in prices from the all-time high (ATH) chart, which measures the decline of Bitcoin from peak to trough over a specific period of time, as an indicator of Bitcoin's current price. By the beginning of 2025, prices could increase almost sixfold. Based on adoption and previous fund outflows, we can assume that the peak of this cycle within the next 9 months will range from $175,000 to $350,000.
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#比特币#
#BTC#

BTC1.22%

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