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Ignore the guy who keeps spamming about some history related to Bitcoin. This is what we should expect next for Bitcoin movements ????

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Ignore the guy who keeps spamming about some history related to Bitcoin. This is what we should expect next for Bitcoin movements ????

On 25 April, the analyst team at Spot On Chain has conducted rigorous modeling to forecast Bitcoin's price movements. They built their models upon a comprehensive dataset, encompassing various historical trends and market drivers, including Bitcoin halving events, interest rate cycles, ETF performance, VC adoption of new cryptocurrencies, and Bitcoin miner selling pressure history.

Remarkably, their short-term outlook has been correct up until now. Check the image ????:

Short-Term from May to July.

Here's the trading view of their projection for a better demonstration:

Bitcoin is moving inside the zone.

We all know that no one can predict the future accurately, but this analysis is worth keeping your eyes on. It remains valid even though it was posted around a month and a half ago.

Let's move on to their next prediction ????:

Mid-Term Second Half of 2024

Don't panic just because Bitcoin is currently going down. It's completely normal for Bitcoin to stay in that zone. When Bitcoin hits $56K again, we might see a new bottom and then it's all the way to the moon with a $100K Bitcoin! ????

Here is the source and more information about their long-term perspective: Bitcoin Price Prediction Analysis Post-Halving (spotonchain.ai)

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