Bitcoin Could Peak Between $160,000 And $290,000 If These Historical Patterns Repeat – Report

Quick Summary:

According to Bitfinex analysts, these factors have kept BTC’s corrections smaller than other cycles and will likely continue this trend for the rest of the bull run: In the current bull cycle, which began in mid to late 2023, Bitcoinʼs corrections have been smaller, particularly since the launch of Bitcoin ETFs in early 2024.

Related Reading: Bitcoin To Hit $180,000 If These Cycle Top Indicators Are Absent, Says VanEck’s Sigel Bitcoin’s Unique’ Cycle In its latest Alpha Report, Bitfinex highlighted the crypto industry’s big strides in adoption and mainstream recognition this year, which have differentiated this cycle from previous ones.

Per the report, this cycle has been "unique” as these new investors brought by ETFs and increasing confidence in the sector sent BTC’s price to a new ATH ahead of the Halving event, historically leading the flagship crypto to a new high after 5-7 months.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin Bull Cycle Top Bitcoin ATH Bitcoin Bitfinex BTCUSDT Btc Bitcoin peak Bitcoin Crypto Bull Run 2024 Crypto market US election Bitcoin predcition

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 06:00:37 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 547 words

Reading Time: 4 minutes read

Sentences: 75 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 24531813

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