At HowToBuyBitcoin.org, we’re always on the lookout for insights to help you make informed investment decisions. Market analyst Arsen Thagapsov recently shared an intriguing chart illustrating Bitcoin’s cycle, suggesting it lasts around 800 days. According to Thagapsov, we’re currently at the start of the next green phase on his chart.
A New Peak for Bitcoin Every Four Years
Thagapsov highlights that savvy investors are doubling their positions now, despite the market’s current fear. He states, “While you’re being scared, smart money is doubling down. That’s because this dip is nothing new.”
Bitcoin has historically hit new peaks every four years:
- 2012: Bitcoin rose from $12 to $1,000, an increase of about 9,000%.
- 2016: Bitcoin rose from $650 to $19,000, an increase of about 3,000%.
- 2020: Bitcoin rose from $8,000 to $69,000, an increase of about 1,200%.
For the 2024 cycle, Thagapsov predicts a price increase of 450%, which could bring Bitcoin’s price to around $330,000.
Recent Price Movement
Bitcoin’s recent rise to $65,000, after hitting a low, aligns with Thagapsov’s predictions. This movement mirrors previous cycles where Bitcoin saw large gains following a significant price drop of almost 15%, a clear example of its volatility.
Thagapsov’s chart shows our current position in the cycle with the message “We are here,” indicating that we’re in the midst of the bull cycle and, more importantly, at the start of a strong recovery. He’s not pointing to the yellow-highlighted circle but exactly where the red arrow indicates (got it?).
Big Money Keeps Flowing In
Thagapsov also points out the positive trends around U.S. spot Bitcoin ETFs. This past week, a substantial amount of money has been flowing into these financial products, which has certainly been good news for Bitcoin’s price.
While Thagapsov’s chart is encouraging, it’s essential to remember that these are predictions based on past performance. There are no guarantees, and every investment carries risks. However, it feels reassuring when you can back up your investment decisions with well-analyzed charts like these.
Stay informed, and happy investing!