๐ Bitcoin to rise to $300,000 in about two years.
This is a very ambitious estimate because as the unit price increases, the market value reaches massive levels, which requires significant institutional capital inflows.๐๐ฅ
However, there is a challenge here. The target formation focusing on 2026 should not be realized according to historical data. ๐
the price target and timeline contradict two widely held views on Bitcoin's market cycles. ๐ธ
The first issue is that the four-year cycle is expected to end in 2025, based on historical data.๐ธ๐
The second detail is that in each cycle, #BTC earnings decrease in percentage terms against the growing price.๐๐ฅ
the short-term outlook as Bitcoin reclaims $61,500. While the article was being prepared, BTC, which found buyers at $63,675, dropped below $59,000 on May 1.๐
This key area that we always highlight has been strongly protected by the bulls, and we have not seen long-term closes below it. BTC set a bottom at $56,552.๐๐
"On the four-hour chart, BTC is creating a good volume cluster.
The BTC price may increase further depending on its reaction to the resistance at $63,500. BTC continues to close above this key area for now.
@Bitcoin Farmer 2018 , please follow
