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Cryptocurrency News Articles
Bitcoin (BTC) May Hit Its Next Cycle Peak Between September and October 2025, Analyst Predicts
Dec 28, 2024 at 02:00 pm
According to the pseudonymous trader Inmortal, Bitcoin typically takes about 1,064 days to rise from a cycle low to its peak.
Pseudonymous crypto analyst Inmortal has shared some interesting observations on when Bitcoin (BTC) might hit its next cycle peak.
According to Inmortal, Bitcoin tends to take around 1,064 days on average to rise from a cycle low to its peak. Moreover, the time between one cycle's top and the next also averages 1,400 days.
Using this pattern, Inmortal predicts that BTC could reach its peak between September and October 2025. The analyst highlights November 2022, when Bitcoin dropped to around $15,500, as the likely bottom for this cycle.
Shifting focus to Ethereum (ETH), Inmortal suggests that the asset has likely established a strong support level around $3,000, making a drop below that price unlikely.
Instead, Ethereum might continue to oscillate within a range of $3,000 to $3,500 as it consolidates.
The daily chart shared by the analyst shows a transition where $3,000 has changed from a resistance level to a stable support zone.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Shiba Inu (SHIB) Holders Brace for December 30th Speculation Frenzy: Shibarium Launch, Strategic Partnerships, and More
- Dec 29, 2024 at 06:50 am
- The cryptocurrency world has been abuzz with speculation, and if you're a Shiba Inu (SHIB) holder, this is a moment you cannot afford to ignore. With December 30th fast approaching, a potential game-changing development could set SHIB on a new trajectory. Here's what you need to know and why this could be a turning point for Shiba Inu.
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- Avalanche Foundation Mints $500k Worth of BEAM Node Tokens to Support the Future of On-Chain Gaming
- Dec 29, 2024 at 06:45 am
- The Avalanche Foundation is looking to support the future of on-chain gaming by committing to mint $500k worth of Beam Node tokens and running validator nodes for the gaming network.
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- CryptoQuant CEO: President-elect Donald Trump's Approach to Bitcoin Will Likely Hinge on the Economic Status of the United States
- Dec 29, 2024 at 06:45 am
- Ki Young Ju, CEO and founder of CryptoQuant, has highlighted that President-elect Donald Trump's approach to Bitcoin will likely hinge on the economic