Bitcoin's price has remained steady at around $62,000, with little change observed in the market conditions. Analysts are comparing the current consolidation phase to a similar period in 2015, suggesting that prolonged consolidation phases often result in massive breakouts. Veteran analyst Brandt also believes that the post-halving period is important for Bitcoin's price growth and projects that it could reach $135,000 by August or September 2025, although he notes that a close below $48,000 would invalidate his analysis. In addition, there has been a shift in whale activity within the Bitcoin market, with newer market participants gaining more influence and potentially signaling a new phase in Bitcoin's price cycle.
- Content Editor ( thecryptobasic.com )
- 2024-10-09
Van de Poppe Compares Bitcoin Current Phase to 2015: Here’s What He Expects Next