A popular crypto analyst is weighing in on the potential gains of Bitcoin this year based on BTC анын four-year-cycle theory.
Pseudonymous crypto strategist Rekt tells his 330,900 Twitter followers that he believes Bitcoin will likely bottom out this year according to the principles of the four-year cycle.
The cycle is based on Bitcoin’s halving event, when rewards issued to BTC miners are cut in half every four years. Bitcoin has historically ignited bull markets around the halving.
мындай дейт: Рект,
“The BTC bear market is coming to an end, according to four-year cycle principles.
But a new bottoming out candle three is set to form next.”
Rekt says that the third year of the cycle (candle three) is when Bitcoin traditionally carves a bear market bottom while келүүчү decent gains.
“Candle three in 2015 saw a +234% move. Candle three in 2019 saw a +316% rally. Candle three in 2023 may see stronger upside than most think.”
Looking closer at candle threes of the previous cycles, Rekt says that it is within the realm of possibility for Bitcoin to nearly double its value this year.
“Past BTC candle threes have enjoyed +234% and +316% rallies
But what if we ignore candle three wicks?
Then in 2015, Bitcoin formed a +36% candle-body and in 2019 a +97% candle-body
If BTC rallies +36% in 2023 –> ~$22,300
If BTC rallies +97% in 2023 –> ~$32,400
Not far-fetched.”
Ректордун деп кошумчалайт that the four-year cycle also predicts when Bitcoin could surge to a fresh all-time high.
“According to the four-year-cycle theory, a new BTC all-time high (ATH) would occur at the soonest in candle four (2024) and at the latest in the new candle one (2025).
If a new ATH were to occur in the 2024 candle four, it would occur months after the April 2024 BTC halving.”
жазуу учурунда, Bitcoin 16,532 XNUMX долларга колун өзгөртүп жатат, күнү бир бөлчөк чөмүлдүрүүчү.
Beat сагынбаңыз - жазылуу электрондук почта билдирүүлөрүн электрондук почтаңызга түздөн-түз жеткирүү үчүн
текшерүү Баа Action
Постту бизди Twitter, Facebook жана телеграмма
Surf Daily Hodl Mix
Disclaimer: The Daily Hodl айтылган пикирлер салым кеп эмес. Investors Биткойн, cryptocurrency же санариптик каражаттарды ар кандай жогорку тобокелдик салымдарды чыгарар алдында текшерүү керек. Сураныч, которуулар жана кесип ээлери өз коркунучу бар экенин эскертип турган жана эч бир сиз жооптуу болуп калышы мүмкүн жоготот. Daily Hodl кандай cryptocurrencies же санариптик каражаттарды сатып алуу же сатуу сунуш да Daily Hodl салым насаатчысы эмес. Ошол Сураныч Daily Hodl санаторийи маркетинг катышат.
Өзгөчөлөнгөн сүрөт: Shutterstock/Panuwatccn/Vandathai
Source: https://dailyhodl.com/2023/01/01/bitcoin-bullish-this-year-popular-crypto-strategist-unveils-btc-outlook-based-on-four-year-cycle/