verita84 on Nostr: James Check, believes #Bitcoin's price action is following the pattern of the ...
James Check, believes #Bitcoin's price action is following the pattern of the 2016-2017 cycle and could reach $150,000. However, he thinks it's unlikely to hold at that level and may experience a significant correction. Bitcoin's short-term holders would make an average profit of 66% if it reaches $150,000, while long-term holders would profit 509%. The analyst also noted that Bitcoin's price behavior in 2017 was characterized by significant price fluctuations around $800 and $1,600 before a surge in the second half. If Bitcoin follows this pattern, it may consolidate until May. Other traders predict the bull market will peak in Q4 2025, with a potential correction in the first quarter.
https://cointelegraph.com/news/bitcoin-price-150k-top-2017-crypto-market-cycle-repeat-analystPublished at
2025-01-24 05:22:12Event JSON
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"content": " James Check, believes #Bitcoin's price action is following the pattern of the 2016-2017 cycle and could reach $150,000. However, he thinks it's unlikely to hold at that level and may experience a significant correction. Bitcoin's short-term holders would make an average profit of 66% if it reaches $150,000, while long-term holders would profit 509%. The analyst also noted that Bitcoin's price behavior in 2017 was characterized by significant price fluctuations around $800 and $1,600 before a surge in the second half. If Bitcoin follows this pattern, it may consolidate until May. Other traders predict the bull market will peak in Q4 2025, with a potential correction in the first quarter.\n\nhttps://cointelegraph.com/news/bitcoin-price-150k-top-2017-crypto-market-cycle-repeat-analyst",
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