According to an analysis of the currency’s price chart by the owner of the anonymous Twitter account @CryptoHornHairs, Bitcoin-BTC may now be witnessing the beginning of a bull market that could last for about 1000 days. If we look at the chart published by CryptoHornHairs on January 11, Bitcoin-BTC could witness the beginning of a bull market period that could last for about four years if the pattern that this currency has gone through since 2015 repeats.
In its analysis, CryptoHornHair suggests that it is likely that the first 1064 days of each cycle will see a significant increase in the currency’s price compared to the lows seen in the last bear market cycle. the rise in the price of this currency reaches its peak, we can witness a decline in the market for 364 days; This pattern has been repeated to an extreme in the last two cycles of the bitcoin price, which means that the price of this currency is likely to rise in the coming years, and this rise will reach its peak in 994 days (i.e. after 1001 days). After the publication of the “CryptoHornHair” tweet), after which the price of this currency may witness a decline in the market for 364 days.
The news resonated in the ears of “bulls” speculating about the price of Bitcoin (Bitcoin-BTC).
Long-term Bitcoin-BTC bulls are eager to hear the news, especially after the currency breached and held above the $20,000 level in recent days, prompting some to declare the end of the bear market witnessed in 2022; Some analysts believe that the decline in price pressures reflected in the Consumer Price Index (CPI), Producer Price Index (PPI) and wage growth due to a faster-than-expected slowdown in US economic growth could force the Federal Reserve to cut interest rates. rates soon – despite insistence on their increase – This belief helps to increase market prices today.
It should be noted that even if the four-year market cycle scene witnessed by the price of this currency were to be repeated in its entirety, it is unlikely that Bitcoin will achieve the gains it has achieved in the past; The price of Bitcoin increased by about 13,000% during the bull market period from 2015 to the end of 2017, while Bitcoin made smaller gains when its price rose by 2,000% during this bull market period – surprisingly.. Currency of 2018 from the end to the end of 2021; If we witness a long-term bull market cycle, the price of this currency may reach its peak as its price bounces back below 1000% of its recent low, which will cause the price of this currency to fall to around $15,500. However, no one will complain about a 1000% increase in the price of this currency compared to the last dip, and if the price of Bitcoin increases this much, it could reach about $175,000 in 2025.
Other indicators support the bull market for Bitcoin (Bitcoin-BTC).
Fundamental technical indicators related to analysis of blockchain financial data revive bulls’ hopes; The first of these indicators is that the price of this currency crossed the 200-day moving average for the first time since the end of 2021, on the back of the rally achieved since the beginning of 2023, and the 200-day moving average crossed the level of $19,500. The price of this currency has always crossed the moving average during the 200-day period, indicating its continuous rise, but there is no certainty that this pattern will repeat itself.
Glassnode data also shows that the price of Bitcoin exceeds the realized price for that currency, and the term “realized price” refers to the average price “paid” for each Bitcoin at the time each currency was last traded; Usually, as has been the case for the past few months, the stability of a price bounce after a prolonged period of disintegration signals the beginning of a bull market.
Moreover, according to Glassnode data, the net unrealized profit and loss index (NUPL) has increased, indicating that Bitcoin wallets are turning a profit again. A recovery in the NUPL index after a prolonged decline usually signals the beginning of a new bull market.
You should consider alternative currencies
Digital currency markets have performed well since the beginning of 2023, but these markets are still witnessing a long-term bearish cycle. Investors may be inclined to diversify their digital currency holdings by investing in pre-sale offers for low-cost digital currencies launched by some promising and ambitious crypto projects. Here are some of the altcoin projects InsideBitcoins analysts say have the potential for success.
Fight Out (FGHT) currency sees pre-sale
Crypto startups based on the “move-to-earn” model stand out as very promising projects, but the temporary early success experience of such projects – for example, STEPN – prevents it from proving its worth in this field due to its shortcomings. The Fight Out project – promising a bright future for the profit-making model – seeks to change this reality in 2023. The Fight Out project is a new fitness program based on the third web (web3). gyms It rewards its users for training, winning competitions and competing in a first-of-its-kind virtual world (metaverse) dedicated to fitness.
For-profit mobility apps like STEPN only track users’ steps and require the purchase of expensive non-fungible tokens (NFTs), while the Fight Out project uses a holistic approach to track users’ movements and reward them for workouts and activities. The Fight Out project seeks to connect the real world with the third web (web3) world, and the project aims to have gyms in major cities around the world while promoting an integrated fitness experience based on the third web. web3). Fight Out’s technical system includes a mobile application that will be launched in the second quarter of 2023, according to the technical document of the project. This application will use mobile technology and wearable technologies to measure and track the physical performance of users. The app includes its own digital currency that rewards users for completing M2E missions, and they can also create avatars that allow them to interact with the Fight Out virtual world.
FGHT is the main currency of the technical system on which the Fight Out virtual world is based. This currency is used to enter competitions and tournaments. Winners will be awarded with FGHT coins. This currency can also be used in peer-to-peer. fitness bets. . The price of FGHT coin is now 60.06 coins per USDT coin, and interested investors should rush to buy FGHT coins after the initial sale of this coin has generated nearly $3.0 million in just a few weeks, as FGHT is the base currency of the coins. Technical system of Fightout virtual world.
Visit the Fight Out-FGHT website now
Project Calvaria-RIA is about to complete its sale
Project Calvaria is also witnessing a pre-sale of RIA coin, the primary currency for the non-fungile token (NFTs) card-based battle game Calvaria, a post-death fantasy-themed game. The play-to-earn (P2E) crypto-gaming project has raised nearly $3.0 million in just a few months since its coin presale began, with only 12% of coins left for sale.
Project Calvaria seeks to elevate the world of crypto gaming by tapping into the huge existing card game market that conjures up images of blockbuster games like Pokemon and Yu-Gi-Oh. According to an analysis by the Markets and Markets platform, the crypto gaming sector is expected to grow from $4.6 billion in 2022 to $65.7 billion by 2027. Therefore, this sector has great growth potential. Project Calvaria is scheduled to release its first fantasy card-based game, Duels of Eternity, in the second quarter of 2023.
Visit the Calvaria website
C+Charge-CCHG is seeing a pre-sale of its coins
The carbon credits sector is expected to grow to a value of US$2.4 trillion by 2027, and equal access to the benefits offered by this sector will attract huge investment in the coming years, which is what startup C+Charge is aiming for. C+Charge is building a blockchain-based peer-to-peer (P2P) payment system for electric vehicle (EV) charging stations that will allow EV drivers to earn carbon credits.
The Fight Out project seeks to promote the role of carbon credits as a key incentive for the purchase of electric vehicles (EVs). It is well known that major electric car manufacturers like Tesla make huge profits by selling carbon credits to companies that cause environmental pollution. Therefore, the C Plus Charge project seeks to achieve fairness in the carbon credit market by making these credits available. To be a monopoly of large companies instead of electric vehicle owners.
The project C Plus Charge platform has just launched the initial sale of the CCHG coin, which will be used for electric vehicle charging at charging stations. 80% pre-sale is about to be completed. Investors who want to get in early on the promising eco-friendly digital currency project should hurry to buy this currency, as the project has raised about $300,000 within weeks of its initial sale, and investors should be aware that the remaining coins for sale may run out very quickly. purchased CCHG worth more than USD and the purchase can be verified by logging into BscScan.
Visit the C+Charge website
Meta Masters Guild-MEMAG
The Meta Masters Guild project is a mobile game technology platform built on the Third Web (Web3). Mortgage and currency exchange; These games are currently in development as the team behind the project intends to release its first game, Meta Karts, in the coming months.
The Meta Masters Guild project, which is considered a promising project for crypto gaming, is witnessing the pre-sale of MEMAG currency, which is currently trading at $0.007 per coin. Some observers believe that buying these currencies is a profitable investment opportunity. and the price of this currency is likely to rise to $0.023, the seventh stage of the pre-sale, which allows the initial investors to make more than 300% unrealized profit before the sale.
Visit the Meta Masters Guild