How much did the price rise after the new peak in previous bitcoin cycles?
16x after 1st Cycle Ath
2. 3x after Cycle Ath
16x after Ath in Cycle 3
2x after Ath in the 4th cycle
5. Will 16x come after Cycle 2024 Ath?
With increasing demand and a new bullish enthusiasm in the market, the price is expected to rise very quickly to the 100K level.
Unlike other cycles, in this cycle we are faced with a market with ETF demand, which will cause very harsh reactions in price.
With the increase in investors who have been hodling Bitcoin for a long time and keeping Bitcoins in cold wallets, buyers are triggering the price more, unlike previous cycles.
New investors entering the market because stock markets, commodities and other investment instruments cannot rise due to macroeconomic policies.
When we look at all this data, this cycle moves under very different factors than other cycles. The reason why it closed at such a strong monthly closing point is due to these data. In this cycle, it would be more accurate to monitor the price without panic. Hodling for your long term goals is always the best and stress free. #BTC #bnbstake #2024 #hodl #BinanceTürkiyeSquare
