Bitcoin (BTC) Price Prediction July 2024 – Bitcoin Skyrocketing to $330,000? What Experts Are Pre...🫡My dear🫂 brother, please follow us so that you can benefit. ❤️Follow❤️ + 👍Like 👍 so we can distribute public gifts. Thank you
Despite the recent decline in Bitcoin’s value, independent market expert Arsen is optimistic and believes the cryptocurrency will rise further, reaching $330,000 in the current bull cycle.
What Arsen believes to be a pattern of smart money—institutional investors, market analysts, and other financial professionals—purchasing strategically of Bitcoin after its recent price slump is what keeps him optimistic. He thinks that this pattern supports a bullish long-term prognosis for the top cryptocurrency.
Bitcoin Bull Run Ahead?
Arsen places the current decline in the context of Bitcoin’s roughly four-year bull cycles, which are characterized by notable price gains. He cites the first bull market cycle in 2012, which saw an astounding 9,000% increase in Bitcoin’s price over the course of 800 days.
Although they lasted almost the same amount of time, the following cycles in 2016 and 2020 produced increases that were progressively smaller—3,000% and 1,200%, respectively.
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