Drawing from his analysis of Bitcoin’s historical halving cycles, CryptoCon has notably raised his conservative estimate for the Bitcoin cycle top, adjusting the range from $90,000 – $130,000 to $110,000 – $160,000. Other Analysts Share Similar Sentiment Another crypto analyst identified as Kyledoops’ on X shares a similar bullish sentiment for Bitcoin’s future price outlook.
According to Kyledoops, Bitcoin’s net capital inflow is slowing down significantly, indicating a delicate situation where investors’ gains and losses are nearly balanced. Related Reading: Crypto Market In Trouble As Analyst Predicts $1 Trillion Crash He revealed that historically, periods of decreased capital inflow, like what Bitcoin is experiencing currently, have often been followed by significant price fluctuations and volatility spikes.
The analyst shared a detailed Bitcoin price chart depicting all the halving cycles from 2013, each clearly displaying a similar bullish pattern. The analyst Identified a recurring pattern in Bitcoin’s price movements before and after each halving cycle, highlighting an initial period of decline followed by an intense bullish momentum.
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