Bitcoin (BTC)and cryptocurrencies As we approach the end of 2022, which is a bad year for the economy, investors are expecting a rise from the new year.
Stating that Bitcoin is consolidating in a narrow range, TradingView crypto analyst Vince Prince argued that BTC is moving in line with a historical pattern trajectory that could lay the groundwork for reaching new highs.
BTCAnalyst, who studies the price movements of . “Merry Christmas Loop” It marked the launch once again in 2022.
According to analyst reviews BTCthat their cycles always complete the Christmas times with historic highs and always create new lows that end the bear market and start the new Christmas Cycle.
“The most remarkable thing here, with the empirical significance of the loop, is that it always works perfectly in the past.
This means that there is a very high probability of experiencing new ATHs in BTC, given that Bitcoin reappears in the same cycle.”
The analyst also said that if the cycle continues, Bitcoin will likely hit around $1.8 million by Christmas 2026. If this happens, it means that Bitcoin will increase by about 10,600%.
Although Bitcoin price continues to consolidate and remain low in a narrow range, investors are still accumulating BTC. Because as of December 25, bitcoin Addresses holding the highest monthly level reached 43,764,748.
*Not investment advice.
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