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Veteran Analyst Gives Date and Price for Bitcoin Peak, Warns of a…
Veteran Analyst Gives Date and Price for Bitcoin Peak, Warns of a Sell Wave for an Altcoin
Cryptocurrency analyst Ali Martinez gave a date and level for the peak in Bitcoin price in his statement.
Author:
Mete Demiralp
25.09.2024 – 06:56
Update:
5 seconds ago
0
Cryptocurrency analyst Ali Martinez has published a number of new analyses, including the possible date of a new Bitcoin price high.
According to Ali Martinez, if the current Bitcoin cycle follows the last two cycles followed before, the BTC price could peak in about a year, namely in October 2025.
However, the analyst made an interesting prediction about where the peak could be. According to the analyst, if the Bitcoin Long-Term Power Law holds, the next market peak could be around $400,000.
The analyst added that he made a profit of $16 million as BTC miners sold during the recent price rally.
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BTC price surpassed $64,000 for the first time in a long time today and is up 6.38% in the last 24 hours.
On the other hand, touching on the altcoin world, Martinez claimed that Telegram’s associated altcoin Toncoin could pose a risk of a sell-off due to privacy concerns. He also argued that the TON price could be following the path followed by Celestia (TIA).
*This is not investment advice.
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