The post Bitcoin Price Follows Proven 2015-2017 Pattern appeared first on Coinpedia Fintech News
2024 has been an eventful year for cryptocurrency. The first Bitcoin ETF applications have been approved, the market entered a short correction, and now, experts predict that the market is preparing for a rally. With the Bitcoin halving event on the way, new projects like Meme Moguls could experience significant price surges, while Bitcoin could push past $50k, with some experts suggesting BTC could hit a new all-time high.
Will Bitcoin Rally In 2024?
According to cryptocurrency analysts, Bitcoin has entered its pre-bull market cycle. This cycle previously occurred from 2015 to 2017, during which Bitcoin passed $19,000. A report conducted by Delphi Digital suggests that Bitcoin’s current consolidation at $40,000 is very similar to trends in 2017. As a result, experts predict that Bitcoin could hit a new all-time high in 2024.
With inflation on the rise, and confidence in fiat currency
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