Don’t Sell Now!
A bunch of crypto experts are saying Bitcoin’s about to go on a wild ride. They’re seeing signs that it’s on the verge of a major price surge, even though it’s been a bit shaky lately.
The Puell Multiple: A Secret Code for Bitcoin?
One analyst, who goes by the name “CryptoCon,” is using something called the “Puell Multiple” to predict Bitcoin’s future. This is basically a fancy way of measuring how much new Bitcoin is being created compared to the average over the past year.
CryptoCon says that Bitcoin has a history of following a pattern based on this Puell Multiple. It seems like Bitcoin usually hits a low point and then goes on a big climb. And guess what? He thinks we’re at that low point right now!
Bitcoin’s History of Bull Runs
Looking back at Bitcoin’s history, CryptoCon noticed a pattern. It seems like Bitcoin often reaches a peak in the middle of its cycle, and then goes on a crazy bull run. This happened in 2013, 2017, and 2021.
Since Bitcoin hit a peak in early 2024, CryptoCon thinks we’re due for another big jump in price by 2025.
The Megaphone Pattern: A Bullish Signal
Another analyst, “Jelle,” is also seeing bullish signs for Bitcoin. He’s spotted a special pattern on the price chart called a “Wedge/Megaphone.” This pattern looks like a cone, and it often means that a cryptocurrency is about to go up in price.
Jelle thinks that once Bitcoin’s price stabilizes, it’s going to break out of this pattern and soar to new heights. He’s even predicting that Bitcoin could hit a new all-time high by the end of 2024!
So, what does this all mean?
Basically, these analysts are saying that Bitcoin’s going to go on a major run. They’re seeing signs that it’s about to break out of its current slump and head for new highs. If you’re holding Bitcoin, now might be the time to hold on tight!
