Potential top for bitcoin value has been the subject of hot debate in the last in this cycle. In July, Rali started a fresh power in arguments for a new all-time high above $ 123,000, as there is some belief that the leading cryptocurrency has reached its high point and other high prices. The call ranges from $ 150,000 to $ 500,000, but a major bitcoin price accident is likely to mature the market.
What is the previous cycle performance about bitcoin value top
Crypto and Market Expert Mike Alfreded took the X (Formally Twitter) platform to share, where they believe the price of bitcoin is increasing. Alfred uses the previous cycle performance and their subscript bear market, showing how much crush the value is from here.
First, the 2014 was the bull market that saw the price of bitcoin from $ 1,000 to $ 200, which was an 80% accident from the top. Again, in 2018, the price of bitcoin will crash in its height of $ 20,000 to a lower bear market of $ 3,200, which was a decline in the price of 84%.
Following the same trend, in 2021, the price fell deep after the price of bitcoin above $ 69,000, before 2022, due to factors such as 2022 FTX collapse. Finally, the cryptocurrency tourism at around $ 16,000 before turning, a decrease of about 80% price.
Using this trend, the crypto analyst expert does that the price of bitcoin will crash by a similer metric, but not before a new high above $ 300,000. In the post, Alfred holds the current bitcoin cycle as high as high as high as a market accident.
Once achieved a lil, then the price accident is expected to be seen back as $ 75,000, which will fall by 76%. Additionally, the analyst does not do this in 2025, rather experts feel that the accident will come to know in 2026 and 2026.
In response to the post, another X user, Becky, Disagree The price of that bitcoin will not be able to reach $ 300,000, Indulgently It is not possible to show this. However, Alfred shows the fact that the feeling of volatility is not stable and has not been predicted before the period of high volatility.
Specially displayed image from Dall.E, chart from traudingView.com
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