CandleFocus This Time is Different for Bitcoin, Samson Mow Maintains
2024-11-19
Author: Content Editor
The CEO of JAN3, Samson Mow, has highlighted that the current Bitcoin cycle may be different from previous ones. He released a chart comparing Bitcoin's performance in four different market cycles, showing that the current cycle is more aligned with the slower growth seen in the 2018-2021 cycle. However, Mow believes that this time may be different. Alex Thorn, head of research at Galaxy Digital, disagreed and noted that Bitcoin is on track with historical trends and is outperforming the 2015-2017 cycle. Analysts have presented varying forecasts for Bitcoin's future, with Ali Martinez suggesting a rally to $150,000 before a significant correction, and Tom Lee predicting Bitcoin surpassing $100,000 by the end of 2024 and reaching $500,000 beyond that.
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