Four-year cycles play an important role in the strategies of experienced cryptocurrency investors, and they act accordingly. While there is no guarantee that these cycles will repeat, this is what is hoped for. Cryptocurrency analyst John Osterman in his final assessment halving He drew attention to the relationship between the price bottom and the high, now let’s take a look at it.
Cryptocurrency Analyst Comment
Bitcoin $54,380.21 The price is at $ 54,000 and the normalization of low levels is causing investors to experience more losses. There is almost $ 20,000 between ATH and the current price. Cryptocurrency analyst John Osterman said that based on historical data, the troubles experienced by investors will now end. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
- “Is this the worst Bitcoin cycle ever? No it’s not.
- – In 2016, after the halving, 20,200 Bitcoin Blocks, Bitcoin was struggling near the red line base/support. This was a worse case scenario.
- – In 2020, 20,200 Bitcoin Blocks after the halving, Bitcoin was between the green line linear-regression and the red line base/support. Like today.
- – Today, in 2024, 20,200 Bitcoin Blocks after the halving, just like in 2020, Bitcoin is between the green line linear regression and the red line base/support.”
So, according to historical data, there is nothing that makes this cycle abnormal. Despite the sideways movement that has been going on for 6 months, the cryptocurrency analyst’s opinion is that the price increase will continue soon.
Has Bitcoin Bottomed?
A lot analyst was targeting the real bottom this month with the expectation of Q4 before the rise started. Although the BTC decline is annoying, it is real after the halving for this year. bottom If this is determined, the belief in a return may also be strengthened. Rather than a bear market environment or a crash, analyst with the pseudonym Kyledoops describes the situation as “uncertainty” with the current STH data.
“Short-term investors are suffering as their unrealized losses mount, but we are not yet in a full-blown bear market.
The emerging picture reflects the volatility of 2019 and points to uncertainty rather than a complete market collapse.”
The analyst known by the nickname APSK32 summarized his expectations and actions for today and tomorrow as follows;
“The Fed is cutting interest rates, the interest rate curve is inverting, altcoins are crushed, bitcoin has stalled and stocks look vulnerable.
Recession? I don’t believe anyone knows if it will come or more importantly when it will come. The catalysts that trigger a recession are very random and timing is everything. Since I don’t know when a recession will come, if it does, I will avoid the temptation to sell my bitcoin in the hopes of buying it back at a lower price.
If prices fall, you may consider buying MSTR call options or trading on margin. Just know that a macro event can disrupt all patterns, backdrops and timings alike. Save a portion of your salary in Bitcoin and keep it in a cold wallet.”
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
