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The Shocking 3-Year Forecast That Could Make You Rich!

Andras Crow-Hreidar by Andras Crow-Hreidar
November 1, 2024
in Crypto, News
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The Bitcoin market, historically known for its 4-year bear-and-bull cycle, is on the verge of a potential transformation. A renowned cryptocurrency analyst, known as Plan C, recently shared insights suggesting a possible deviation from this established pattern. This shift is hinted at by MicroStrategy’s ambitious multi-billion dollar Bitcoin investment strategy. Here’s a comprehensive overview of what this could mean for the market.

Bitcoin May Defy Its 4-Year Cycle

The typical Bitcoin market cycle spans four years, characterized by alternating bear and bull phases. Traditionally, the market witnesses peak performance in the third year, followed by a downturn in the fourth. The current cycle initiated in 2023, showcasing a remarkable annual price increase of 155.4%. Based on historical patterns, 2025 could bring a significant bullish wave, anticipated to be succeeded by a bearish phase in 2026.

Plan C challenges the conventional belief that Bitcoin will enter a bear market in 2026 and 2027. He posits that the cryptocurrency might be on the brink of a prolonged 3-year bull market.

Plan C’s Predictions

Plan C articulates his skepticism regarding a bearish trend in the upcoming years. He states, “I’m skeptical that Bitcoin will be in a bear market in 2026 and 2027. I believe there’s a decent probability that we’re entering a 3+ year bull market for Bitcoin, with corrections and extended consolidation periods along the way.”

According to him, during this anticipated bullish phase, the market might experience periodic price corrections and consolidation phases. This suggests a fluctuating yet overall upward trend, rather than consistent price hikes.

MicroStrategy’s $42 Billion Bitcoin Plan as Support

In a strategic move, MicroStrategy revealed its plan to raise $42 billion in new capital to acquire bitcoins over the next three years during its Q3 earnings report on October 30. Holding the largest BTC reserves, MicroStrategy currently possesses 252,200 BTC, valued at over $17.5 billion. In September alone, they acquired 25,720 BTC, with a total of 63,079 BTC purchased so far in 2024.

This substantial investment underscores a growing institutional confidence in Bitcoin’s long-term potential, signaling a robust endorsement of Bitcoin’s future prospects.

Bitcoin Market Overview

The Bitcoin market’s performance fluctuated throughout the year. The first quarter delivered a return of 68.7%, slightly below the previous year’s same quarter return of 72.3%. The second quarter, however, recorded a disappointing -12% return. In contrast, the third quarter marked a modest improvement with a 0.76% return, surpassing the previous year’s -11.4% return for the same period.

As the final quarter commenced, the market secured a return of 11.2%. Over the past week, the BTC market experienced a growth of 2.7%, although it witnessed a 4.0% decline in the last 24 hours.

The insights from the crypto analyst present an intriguing perspective for Bitcoin enthusiasts. If Bitcoin manages to break away from its traditional cycle, a prolonged bull market might be on the horizon.

Stay tuned to Coinpedia for more updates on Bitcoin’s price momentum and market trends.

Tags: BitcoinPrice Analysis
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Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

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