LIVEAccording to statistics, the price of bitcoin may rise to $140000 by the end of June
The previous two market cycles can give an idea of what will happen to the BTC price after a new record high was set in March 2024.
According to the analysis provided by Alpha Analysis, in 2014 and 2107 after the new price peak, bitcoin experienced several weeks of corrections before doubling in value.
In 2017, bitcoin's price doubled in just 4 weeks after it set brand new record highs. In 2021, the bitcoin price doubled in 4 weeks after it set a new ATH. In 2024, the same movement will mean a price of $138,000 by the end of June," Alpha Analysis said in a breakdown in X.
Bitcoin markets seem poised to repeat its growth pattern, as the asset corrected 23% by early May after hitting a record high of 2021 on March 12.
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