"Alaaa don't worry if BTC keeps going down, wouldn't you like to be able to buy more discounted prices?"
Ali Martinez, a leading cryptocurrency market analyst shared an important insight that investors should watch out for just after the price of Bitcoin (BTC) today plunged further to $64,126.
Revealed by Martinez after outlining the cycle chart from 2011 to 2015, 2015 to 2018, 2018 to 2022 and beyond 2022, BTC fluctuates significantly but its price in some periods managed to reach the peak price during the cycle.
Armed with that historical data, Martinez strongly believes the entire crypto market could see a massive rally in December 2024 and October 2025 if the current BTC cycle mirrors the last three cycles.
According to Jack Mallers, Chief Executive Officer (CEO) of Strike, BTC price can climb 260% up to 1,357% which is between $250,000 and $1 million in the next 10 to 18 months.
While Bernstein who is an analyst from Strike predicts that BTC will reach $200,000 by 2025 and even boldly expects the price to reach $1 million by 2033.
Today's decline in crypto markets including BTC is part of a price correction that began over the weekend when Minneapolis Federal Reserve (Fed) President Neel Kashkari predicted there could be only one interest rate cut in 2024.
As of this writing, BTC price has plunged by 0.53% to $65,367 in the past 24 hours with a market cap of $1.2 trillion and a further 2.75% decline over the past week.