We've only just begun...

in bitcoin •  2 years ago 

The Bitcoin bull market likely has begun and it likely has a long ways to go

Sure we may be pulling back a bit here, but that is expected and not likely to be something to concerned about longer term.

If history is any indication these pullbacks are likely to be buying opportunities on our way to much higher prices.

Check it out:

image.png

(Source: https://twitter.com/CryptoNoob_1/status/1629465894077300738/photo/1)

As you can see the downtrend has been broken and once the downtrend breaks it tends to go in an uptrend for quite a while.

Historically they have lasted almost 3 years until the peak of this next cycle.

That would point to 2025 being the year bitcoin tops for this current cycle...

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i am sure bitcoin will hit 300,000 $ in the next year

I predict 42000-45000 this year. According to the historical ration.