Analyst: Compared with historical cycles, the current market still has prospects
Analyst CryptoCon stated on X that the current market trend of Bitcoin shows a unique pattern compared to past cycles. According to historical data, on October 8th in 2012, 2016 and 2020, the price of Bitcoin was far from its all-time high. However, today in 2024 it is just one step away from its historical peak. In the long run, Bitcoin's performance still surpasses previous cycles. It took five to six months after this date in both 2012 and 2016 for new highs to be reached again. At this moment, what investors holding Bitcoin need are patience and the right perspective because Bitcoin's performance is actually quite good.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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