Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows? Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike? Bullish Vs. Bearish Perspectives On Bitcoin The optimists, led by the prominent crypto analyst Cryptoyoddha, paint a picture of a bullish future. They point to a meticulously tracked historical chart showcasing the cyclical price movements of Bitcoin. Each cycle, Cryptoyoddha argues, follows a similar pattern: a period of accumulation followed by a parabolic surge. This analysis paves the way for the highly anticipated “Cycle IV,” which could propel Bitcoin beyond its current all-time high of $73,750 and potentially reach a staggering $150,000 or even higher. #Bitcoin The real pump will start after the halving next month. pic.twitter.com/eV5FWkzkxX — Yoddha (@CryptoYoddha) March 23, 2024 But what’s driving this bullish sentiment? Cryptoyoddha cites several factors: a surge in institutional investment, a shift towards clearer regulations for cryp ..
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