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Experienced Analyst Predicts Date and Value of Bitcoin’s Peak, Cautions Against Selling Altcoin
Experienced cryptocurrency analyst Ali Martinez has provided insights into the potential timing and price of Bitcoin’s peak.
Author:
Mete Demiralp
September 25, 2024 – 06:56
Update:
5 seconds ago
0
Ali Martinez, a prominent cryptocurrency analyst, has recently released a series of new analyses, including a prediction for Bitcoin’s next price high.
Based on Martinez’s analysis, if the current Bitcoin cycle follows the patterns of the previous two cycles, the peak of BTC’s price could occur in approximately one year, specifically in October 2025.
Interestingly, Martinez also made a significant forecast regarding the potential peak price. According to the analyst, if the Bitcoin Long-Term Power Law remains valid, the next market peak could reach around $400,000.
Furthermore, Martinez disclosed that he personally earned a profit of $16 million by selling BTC during the recent price rally, a testament to the potential profitability of the cryptocurrency market.
In regards to altcoins, Martinez expressed concerns about the associated altcoin Toncoin, backed by Telegram, due to privacy issues. He also suggested that the price trajectory of TON could mirror that of Celestia (TIA).
*This article does not offer investment advice.
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