In a period of uncertainty in the cryptocurrency market It looks like it is over, with Bitcoin (BTC) moving up constantly as experts suggest. Some analysts suggest that this period may be the best time to buy the main digital asset before it rallies even more intensively.
The value of Bitcoin that could exceed its limits in the future may be a “Lifetime Investment Opportunity” for investors who want to save money or invest for the long term. because the entire market has entered “Unrealized loss zone” according to an analysis by the anonymous analyst CryptoNoob on December 5, 2022.
In addition, the analyst has posted a chart showing a historical pattern of Bitcoin’s market cap movement compared to the highs it has seen over the past few years. The chart shows that a similar pattern occurred in 2012, 2015 and 2019.
Bitcoin Near The Bottom
Meanwhile, many crypto trading experts predict a quick recovery for Bitcoin, noting that “BTC usually bottoms 500-550 days before the halving and is followed by a run before the halving. Currently, we are only 539 days from the next Bitcoin halving. .”
Tardigrade Trader previously noted that Bitcoin is subject to a Point of Control (POC) in its Volume Profile analysis, the same thing that happened in 2018. Now, BTC has a big chance to rebound.
Bitcoin Price Analysis
Bitcoin is currently trading at $17,283, with gains of 1.90% in the last 24 hours and 6.55% in the last 7 days.BTC is currently moving to recover from a monthly loss of 19.14%.
However, Bitcoin’s market capitalization is still $332.26 billion. It holds the coin with the highest market capitalization according to data from CoinMarketCap
