Green

<ul>
 <li>Aurelien Ohayon’s charts highlight Bitcoin’s cyclical price movements, projecting a potential future price of $250,000.</li>
 <li>Bitcoin’s recent weekly volatility saw a sharp dip to $64,000, quickly rebounding to approximately $67,800.</li>
 <li>Michael Saylor predicts Bitcoin could reach $13 million by 2045, with the U.S. acquiring a majority of global Bitcoin reserves.</li>
</ul>
A recent prediction by financial analyst <a href="https://x.com/AurelienOhayon" rel="noopener noreferrer nofollow">Aurelien Ohayon</a> on X has declared the beginning of a new Bitcoin bull run. Two charts, coupled with Michael Saylor’s bold forecast, illustrate Bitcoin’s trajectory and potential future growth, a positive for the crypto market and Bitcoin enthusiasts.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BITCOIN</a> BULL RUN BEGINS. <a href="https://t.co/p0NHGa4S3D" rel="noopener noreferrer nofollow">pic.twitter.com/p0NHGa4S3D</a>— AO (@AurelienOhayon) <a href="https://twitter.com/AurelienOhayon/status/1816921945780441362?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 26, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
Historical Price Movements and Cycles
The first chart presented by Ohayon spans from 2013 to early 2024, showing Bitcoin’s price movements on a logarithmic scale. This chart highlights Bitcoin’s overall <a href="https://cryptonewsland.com/golden-cross-could-trigger-major-btc-rally/" rel="noopener noreferrer nofollow">upward trend, despite its volatility</a>. Notably, Bitcoin’s price has followed a cyclical pattern, characterized by periods of rapid price increases followed by significant corrections or bear markets.
Key developments include Bitcoin trading below $1,000 around 2013-2014, reaching nearly $20,000 in late 2017, and achieving new all-time highs during the 2020-2021 bull run. The most recent data points indicate Bitcoin reaching approximately $67,955 in early 2024.&nbsp;
Colored sections (green for bull markets, red for bear markets) and curved lines on the chart emphasize Bitcoin’s cyclical behavior and project a potential future price of $250,000.
<img decoding="async" width="602" height="271" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcPQKuzNXjdvGrnIdA0_QZ_OSg_7YYiuU86zPOckB_qWImZhq6iHQYBLkmPzLw7tNPalNS6zH97AlBN8FO7HrokJWT9KzKqHO4KUfBq14AmG1N5pdXMhPKv95mV8u4A-iSBIaOmDDn1b_a_F-5g_FIGUloD?key=x112Ns-x-eyOC7iUqhzFoA">
Source; <a href="https://x.com/AurelienOhayon" rel="noopener noreferrer nofollow">Aurelien Ohayon</a> on X
Weekly Price Volatility and Trends
The second chart focuses on Bitcoin’s price movements over a week-long period from July 21st to July 27th, with prices ranging from approximately $63,000 to $68,000.&nbsp;
The chart demonstrates notable volatility, beginning at around $66,600 and experiencing notable fluctuations. The price dipped sharply around July 24th to its lowest point of about $64,000 but then rebounded strongly to end the period at approximately <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$67,800</a>, at press time.
This V-shaped pattern, characterized by a substantial dip followed by a good recovery, highlights Bitcoin’s dynamic price behavior within a short timeframe. Green and red color coding highlights price increases and decreases, respectively, with a rapid shift from red to green towards the end of the chart emphasizing the swift recovery.
<img decoding="async" width="602" height="396" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeMce9gAAFbgbcr5e0mGQySgEPxiwyzk3z4RmlUYuybb7QDhaG18bsnlFs-EG1T-3HHjVtHe3KQArTGTtdqrFn5ufm138AFOOEGibOAS0FjYEiyzmYGYZuG-TwigaZ8sytXo21Xgap6H9KSW0AQj9rNjDc6?key=x112Ns-x-eyOC7iUqhzFoA">
Source; <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Michael Saylor’s Bold Bitcoin Forecast
Michael Saylor has also <a href="https://cryptonewsland.com/michael-saylor-predicts-bitcoin-to-hit/" rel="noopener noreferrer nofollow">projected that Bitcoin’s</a> price could soar to $13 million by 2045, despite an anticipated decline in its annual growth rate from 55% to 20%. Saylor’s prediction is based on Bitcoin achieving an annual return rate of 29%, resulting in a market cap of $280 trillion, or 7% of global wealth.
Saylor also proposed that the U.S. government should consider acquiring a majority of global Bitcoin reserves. He argued that such a move could <a href="https://cryptonewsland.com/michael-saylor-urges-u-s-government-to-dominate-global-bitcoin-reserves/" rel="noopener noreferrer nofollow">boost the U.S. economy</a> and reinforce the dollar’s global standing.&nbsp;
Drawing analogies to historical acquisitions like the Louisiana Purchase and Alaska acquisition, Saylor believes securing a substantial share of Bitcoin would enhance the U.S.’s economic influence in the digital age.
<h4 class="wp-block-heading" id="h-read-also">Read also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/michael-saylor-urges-u-s-government-to-dominate-global-bitcoin-reserves/" rel="noopener noreferrer nofollow">Michael Saylor Urges U.S. Government to Dominate Global Bitcoin Reserves</a></li>
 <li><a href="https://cryptonewsland.com/btc-maximalist-michael-saylor-opens-up-against-ether/" rel="noopener noreferrer nofollow">BTC Maximalist Michael Saylor Opens up Against Ether</a></li>
 <li><a href="https://cryptonewsland.com/michael-saylor-on-cnbc-bitcoins-path-to-1-million/" rel="noopener noreferrer nofollow">Michael Saylor on CNBC: Bitcoin’s Path to $1 Million</a></li>
 <li><a href="https://cryptonewsland.com/michael-saylor-predicts-bitcoin-to-hit/" rel="noopener noreferrer nofollow">Michael Saylor Predicts Bitcoin to Hit $13 Million by 2045, Urges U.S. to Secure Reserves</a></li>
 <li><a href="https://cryptonewsland.com/microstrategys-michael-saylor-accused-of-tax-fraud/" rel="noopener noreferrer nofollow">MicroStrategy’s Michael Saylor Accused of Tax Fraud</a></li>
</ul>
The post <a href="https://cryptonewsland.com/financial-analyst-announces-new-bitcoin-bull-run/" rel="noopener noreferrer nofollow">Financial Analyst Announces New Bitcoin Bull Run with $250K Projection</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Financial Analyst Announces New Bitcoin Bull Run with $250K Projection

Crypto News Land

Andra artiklar publicerade 27 juli 2024

Michael Saylor: US Should Own Most of World's Bitcoin

Bitcoin Rises to $68K as Bulls Take Charge

RFK Jr. to Supercharge Bitcoin: 550 BTC Daily Buys, $400 Billion Treasury Target

ZachXBT criticizes Irene Zhao’s new memecoin amid past failures

Robert F. Kennedy Jr. Questions Trump's Pro-Crypto Stance As 2024 Presidential Race Heats Up: 'I ...

BlackRock Crypto Chief Denies Chances Of Solana, XRP ETF Approval

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!