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Bitcoin's Potential to Reach $500K in Current Cycle | Flash News Detail | Blockchain.News

Bitcoin's Potential to Reach $500K in Current Cycle

12/14/2024 7:21:00 PM

Bitcoin's Potential to Reach $500K in Current Cycle

According to CryptoMichNL, the Bitcoin rainbow chart suggests that the previous cycle did not reach its expected extreme phase. If the current cycle extends over a longer period, Bitcoin's price is anticipated to increase automatically, potentially reaching $500,000. (Source)

Bitcoin CryptoMichNL rainbow chart

More from Michaël van de Poppe (@CryptoMichNL): Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast