Bitcoin (BTC) rally preparations: Analyst evaluated.

Ali Martinez, known for his cryptocurrency analyses, announced his expectations for Bitcoin (BTC).

Bitcoin may start a rally soon, based on past price movements. Ali Martinez, known for his cryptocurrency analyses, stated in a post that Bitcoin gained 61 percent in the 4th quarter of 2016 and 171 percent in 2020. Based on past price movements, Ali stated that BTC may start a rally soon. The famous analyst made striking comments about Bitcoin.

Bitcoin increased its rise rate last week, supported by the US Federal Reserve's massive interest rate cut, to 10 percent. BTC saw $64,700 after a six-day rise. As of the writing of the news, the leader of cryptocurrencies is trading at $63,561, up 1.28 percent in the last 24 hours.

Bitcoin had its fourth halving in April of this year, and the reward earned by miners fell from 6.25 $BTC to 3.125 BTC. The Bitcoin price has been on an uptrend since the 2012, 2016, and 2020 halvings, increasing 93x, 30x, and 8x from the halving price to the cycle peak, respectively.

BTC experienced mid-cycle peaks in 2016 and 2020, then followed months of sideways movement before moving higher in the final months of the year. The cryptocurrency flagship fell more than 40 percent from its mid-cycle peak in June 2016 before rallying in December of the same year. In 2020, Bitcoin fell about 21 percent from its August peak before reaching new highs in late October 2020.

#KIP #KIPprotocol #CryptoDeNostradame #MOGUL #Mogulproductions