Bull Market

Bitcoin

Coin

<ul class="news-points"> 
 <li>Ignas, a DeFi research analyst, predicts a Bitcoin bull market for next year, 2024.</li> 
 <li>The research analyst based his prediction on Bitcoin’s consistent cyclic pattern.</li> 
 <li>Other reasons cited behind the bullish prediction apart from Bitcoin’s cyclic behavior.</li> 
</ul> 
Ignas, a DeFi research analyst, predicts a <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" rel="noopener noreferrer nofollow">Bitcoin</a> bull market for next year, 2024. Ignas based his prediction on the consistent pattern the flagship cryptocurrency has displayed over the years. 
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 Bull market next year? Yes, if it follows this consistent pattern: 1. 80% drawdown from ATH, lowest point one year later (Q4 2022) 2. Two years to recover and reach previous high (Q4 2024) 3. Another year of price rallies before new ATH (Q4 2025) Overall, bullish. <a href="https://t.co/zZt3gHKq3k" target="_blank" rel="noopener noreferrer nofollow">https://t.co/zZt3gHKq3k</a> <a href="https://t.co/htM9fcOmhf" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/htM9fcOmhf</a>— Ignas | DeFi Research (@DefiIgnas) <a href="https://twitter.com/DefiIgnas/status/1691369687144349696?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 15, 2023</a> 
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Bitcoin’s trending patterns are in three stages, according to Ignas. The first stage is an 80% drawdown from an all-time high (ATH), a process fulfilled in Q4 2022. Next is a two-year recovery phase that would return Bitcoin to the previous ATH. Ignas expects that to be fulfilled in Q4 2024. Then a third and final stage where the price will rally towar… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/bitcoin-bull-market-will-happen-in-2024-research-analyst/">Bitcoin Bull Market Will Happen in 2024: Research Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Bitcoin Bull Market Will Happen in 2024: Research Analyst

Coin Edition

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