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History says bitcoin could peak soon, but here's the case for it to keep climbing

From morningstar.com

Bitcoin may hit a peak soon, if its historical pattern of four-year cycles still applies. The largest cryptocurrency (BTCUSD) was tearing higher on Wednesday, trading just shy of a record reached earlier in the week. A total of 1,052 days have passed since the price bottomed out at $15,591 on Nov. 21, 2022. Back then, the collapse of crypto exchange FTX was sending a shock wave through the broader market for digital assets. This length of time could matter for the price of the pioneering cryptocurrency, given a pattern that has persisted since bitcoin's launch in 2009. In the past, roughly two years and 11 months ... (full story)

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  • Category: Fundamental Analysis