Insights in Bitcoin and expectationsInsights in Bitcoin and expectations; the analysis highlights Bitcoin’s historical tendency for sharp growth followed by corrections.
If the projections hold, 2024 may see a continuation of Bitcoin's bullish cycle with potential pullbacks acting as opportunities for long-term holders.
Notable records are marked for specific months like Dec 17, Nov 21, and projections for Dec 24.
Significant pullbacks occurred after these peaks, highlighting the cyclical nature of Bitcoin's market.
Intervals between peaks, such as 34 months from the Dec 17 peak to a new major record, and similar intervals expected for upcoming cycles.
It takes several months (or even years) for prices to recover post-pullbacks, often leading to a new bullish phase.
Support and Resistance Key levels $33,190, $61,405, $71,339
These levels act as potential areas for both pullbacks and new highs.