News flash! 📢 Bitcoin (BTC) seems to be following the same path as after the 2016 halving event. According to crypto traders, one indicator indicates that it could be near its local low and another indicates that it could reach $350,000 during "the peak" of this cycle. Currently, Bitcoin is trading below $61,081, which is the re-accumulation range at this point in the cycle. According to Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors, the current price of Bitcoin could increase almost sixfold by early 2025. What do you think? Is this the time to invest in BTC? Comment below!#Bitcoin#Investments#Crypto💰