According to Vedson, the current cycle is radically different from the previous ones due to the presence of large investment funds and the transformations of bitcoin into a full financial instrument.
“I look forward to whether the new crypto enthusiasts will be right, claiming that the four -year cycle has ended and Bitcoin will now grow endlessly – or 2025 will be the last sigh before a sharp correction, when prices may fall below $ 50,000,” the businessman said.
In his opinion, a month may be enough for Bitcoin to first fall to $ 100,000, and then overcame $ 140,000 – before a bear cycle begins.
The businessman recognized the limitations of his forecasts, calling them approximate. Bitcoin’s true plans were known only to its creator Satoshi Nakamoto, the creator of Alphraactal added.
The decline in the crypto rope can begin simultaneously with the recession in the United States, and investors will have to wait at least a year, while the price of bitcoin restores their position above the key level of support of $ 100,000, Vedson is sure.
Earlier, BITFINEX Alpha experts reported that the cryptocurrency market is in search of a minimum of bitcoin prices, and the first cryptocurrency course over the next few weeks can fall to $ 93,000–95,000.
Source: Bits
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