Analyst CryptoCon has presented updated data on Bitcoin's state, highlighting ongoing range movement and forecasting possible changes.
Long Range Movement of Bitcoin
According to CryptoCon, the current cycle is characterized by prolonged range movement lasting about 1.86 years. During this time, Bitcoin has spent only 5.76 months in an expansion phase with a few short-lived significant price increases.
Forecasts for Expansion Phases
CryptoCon argues that "the bull market parabola hasn’t happened yet, but it’s coming." He believes Bitcoin is gearing up for a "mega expansion phase" that could last through the end of 2025, based on previous cycles where long periods of sideways movement preceded sharp rallies.
What to Expect in the Future?
Key points to watch include a projected 213-day expansion zone into late 2025 and the possibility of new all-time highs that could accelerate momentum. CryptoCon emphasizes that as market sentiment improves and Bitcoin maintains key levels, all eyes are on the charts for confirmation that the next breakout phase has begun.
With current trends and forecasts, investors and analysts are closely monitoring Bitcoin's price dynamics, hoping for a surge in the coming years.
