Bitcoin To See Huge Move Upwards In The Next 2 Months

It’s been just predicted the fact that Bitcoin will see a huge move upwards in the next 1-2 months, according to the latest reports. Check out the new predicitons about the price of the most important digital asset.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $30,738.

A popular crypto analyst thinks historical patterns suggest Bitcoin (BTC) could be on the verge of a huge breakout.

In a new YouTube video, the anonymous host of InvestAnswers made sure to address a chart from crypto market intelligence firm K33 Research, formerly Arcane Research, that examines the historical trajectory of the last three Bitcoin cycles.

The host said not too long ago that Bitcoin’s current cycle is looking most similar to its 2017 peak cycle.

“I think we are most similar to the 2017 cycle, which means we could be in the middle of a massive rampage that could take us to $50,000 if history repeats. Remember, then it takes a breather, then it goes down the hill again for a month or two, three/four months, then it goes back up again.”

He also made sure to examine another K33 chart examining the number of days from the cycle bottoms in 2018 and 2022.

“Look at the chart. Look what could happen next if this cycle repeats. That means the next 60-70 days, the next 2-2.5 months could be astounding. That is the message here. And looking at Bitcoin, looking at the chart, looking at any dip, it gets gobbled up by somebody, somewhere.”

Accoridng to the latest reports, the popular crypto strategist Benjamin Cowen says that Bitcoin (BTC) is acting as a leading indicator for the rest of the crypto market as its dominance level inches up.

He rec gently said that the prices of altcoins fluctuate depending on the movement of Bitcoin.

“We’ve seen it play out time and time again where Bitcoin/US dollar [pair] rallies for a while, the rest of the market can rally a little bit beyond it. But if Bitcoin starts to go back the other direction, it’s going to pull everything back down with it.”