This Bitcoin cycle theory targets $350,000 before the next crash
- Analyst Matthew Hyland predicts Bitcoin could surpass $250,000 in this cycle, suggesting a peak of $350,000 or higher would be needed before the next 70% bear market.
- Hyland argues that Bitcoin follows an 8-year cycle, with the current downturn lasting until 2028, based on historical macroeconomic conditions and Bitcoin’s price movements.
- Bitcoin is currently trading near $82,000, with a market dominance above 57%, while facing recent price pressure from inflation data and a declining stock market.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Analyst Matthew Hyland predicts Bitcoin could surpass $250,000 in this cycle, suggesting a peak of $350,000 or higher would be needed before the next 70% bear market.
- Hyland argues that Bitcoin follows an 8-year cycle, with the current downturn lasting until 2028, based on historical macroeconomic conditions and Bitcoin’s price movements.
- Bitcoin is currently trading near $82,000, with a market dominance above 57%, while facing recent price pressure from inflation data and a declining stock market.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto