Bitcoin surged to 80,000 dollars in August?
In the 2022 bear market:
- a local BTC bottom at $17,600 in June
- then a +42% rise throughout August
- reaching the final cycle low in November 2022 at around $15,500.
Now we’re seeing a similar situation. If history repeats, Bitcoin could rise into August before reaching the final minimum in Q4, staying consistent with its 4-year cycle.
If the local low in June is $57,700, then a 42% increase from there would put BTC at around $82,000.
Let’s wait and see how this cycle plays out.
$BTC
In the 2022 bear market:
- a local BTC bottom at $17,600 in June
- then a +42% rise throughout August
- reaching the final cycle low in November 2022 at around $15,500.
Now we’re seeing a similar situation. If history repeats, Bitcoin could rise into August before reaching the final minimum in Q4, staying consistent with its 4-year cycle.
If the local low in June is $57,700, then a 42% increase from there would put BTC at around $82,000.
Let’s wait and see how this cycle plays out.
$BTC