This Macro Market Cycle Analysis Shows Bitcoin Will Soon Resume Uptrend


Bitcoin has consolidated in a tight $1,000 range since the start of September, at least until recently. The leading crypto-asset is in the midst of a breakout that has brought it as high as $11,500. As of this article’s writing, Bitcoin trades for $11,350, around 5% above where it was yesterday. Crucial market cycle analysis suggests that the crypto market has room to grow from here. The analysis suggests that within the next three months, Bitcoin will likely push above the summer highs. The coin peaked at $12,500 in the summer after the U.S. dollar underwent a strong rebound. Bitcoin Could Soon Resume Uptrend: Market Cycle Analysis A crucial market cycle analysis suggests that Bitcoin is poised to grow at a rapid clip in the coming three months. One chartist focused on this form of analysis shared the chart below on October 9th. The chart shows BTC’s price action since…

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