Bitcoin pump to $80k in August ?
In the 2022 bear market:
- BTC local bottom of $17,600 in June
- Then +42% pump through August
- Made its ultimate cycle bottom in November 2022 around $15,500.
We're seeing a similar setup now.
If history repeats, Bitcoin could rally into August before making a final bottom in Q4, staying in line with its 4-year cycle.
If $57,700 is the local bottom for June, the 42% rally from here puts BTC at $82k.
Let’s wait and see how this cycle plays out.
In the 2022 bear market:
- BTC local bottom of $17,600 in June
- Then +42% pump through August
- Made its ultimate cycle bottom in November 2022 around $15,500.
We're seeing a similar setup now.
If history repeats, Bitcoin could rally into August before making a final bottom in Q4, staying in line with its 4-year cycle.
If $57,700 is the local bottom for June, the 42% rally from here puts BTC at $82k.
Let’s wait and see how this cycle plays out.