As Bitcoin prepares for the close of 2023, investors are wondering how BTC will perform in 2024.
At this point, popular cryptocurrency exchange Ali Martinez argued that BTC could continue its upward cycle by comparing Bitcoin's halving cycles.
Sharing a chart showing BTC price models from 2014 to 2025, Martinez said that Bitcoin moves around four-year cycles and that these cycles are caused by halving events that occur at the end of four years.
The analyst emphasized that according to four-year cycles, Bitcoin experienced 3 years of rise and 1 year of decline, and stated that the rise will continue in 2025.
“Bitcoin price moves along four-year cycles driven by halving events.
Historically, this means a 3-year bullish trend followed by a 1-year bearish correction.
According to this cycle, BTC is in an upward phase and will potentially extend until December 2025!”
#Bitcoin design around four-year cycles, driven by its #halving events, often mirrors its price action.
Historically, this translates to 3 years of bullish trends followed by 1 year of bearish correction. As per this cycle, $BTC is in an upward phase, potentially extending… pic.twitter.com/7B4sIpiWH8
— Ali (@ali_charts) December 29, 2023
*This is not investment advice.
