COINOTAG News reported on November 8th that Bitcoin Magazine’s CEO, David Bailey, recently shared insights on social media regarding the current state of the Bitcoin market. He emphasized that this phase of the Bitcoin bull market cycle is likely to see a marked extension. Historically, the data indicates a trend of approximately 18 months of price appreciation, or ‘NgU’ (Number Go Up), following each Bitcoin halving. With six months already elapsed since the last halving, Bailey suggests that the anticipated influx of capital appears unlikely to peak within the next 12 months. His analysis implies a potential bull market cycle lasting between three to four years before any significant corrections or cooldown periods may commence, highlighting a strategic outlook for investors.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024