COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Analysts Predict Bitcoin Trends Based on Historical Data
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Analysts Predict Bitcoin Trends Based on Historical Data
Bitcoin (BTC)

Analysts Predict Bitcoin Trends Based on Historical Data

In Brief

  • Bitcoin's price fell below $56,000 today.

  • Analysts predict trends based on historical data.

  • Major fluctuations are expected in 2024 and 2025.

COINTURK NEWS
COINTURK NEWS 9 months ago
Share
SHARE

And of course, more comments on the month of September. The price of Bitcoin (BTC) fell below $56,000 today. Risk appetite has weakened in the process that has been ongoing for months. Historical data is the only thing keeping investors on their feet for medium and long-term goals. Moreover, unlike past cycles, we even have ETFs for spot Bitcoin and Ethereum. So, what are the predictions of different analysts in light of historical data?

Contents
Bitcoin Historical Data and Predictions2024 and 2025 Bitcoin Target

Bitcoin Historical Data and Predictions

Bitcoin (BTC) has made similar moves during the dull periods it has experienced for the past 6 months. CryptoCon wrote that the decline to the support zone in September 2016 is being experienced again this period, indicating that we have not yet seen the phase of the cycle that will bring great gains.

“Just like in September 2016, entering the support zone after the mid-peak, the same thing happened in 2024. In fact, for alternating cycles, all months have been exactly the same for support zone entries. The 3-model here has not yet failed in the middle of the cycle or in the bear market. The cycle is not over yet! We are reliving September 2016.”

Crypto Daan, on the other hand, says that investors should not have very positive expectations in September in light of historical data. Experts like Rekt Capital pointed to the end of September at best, not mid-September, even last month for a rise. Daan wrote the following about an hour ago;

“Historically, September is the worst month for Bitcoin (BTC). Its average return over the past 12 years is -4.36%. This corresponds to the level it is trading at today.

People seem to be preparing for an absolute -50% collapse within a month. It is never that severe.”

2024 and 2025 Bitcoin Target

Just as 2022 was a period of extreme sales, we should also see days when the RSI reaches historic peaks monthly at some point. If BTC is not going to zero and the 4-year cycle stories are ending, this is exactly what we should witness. Kyledoops, in his latest assessment a few hours ago, says we are on the verge of a major fluctuation as in 2012, 2016, and 2020.

The analyst who shared the above chart believes that relying on historical data could be a good way, and wrote the following;

“Bitcoin’s price action currently reflects the calm before the storm and marks the end of the Blue Year, a significant, quiet period setting the stage for the explosive ‘Red Year’.

Historically, this phase has come before all-time highs, as seen in 2012, 2016, and 2020, indicating the next major fluctuation on the horizon.”

Still, it is important not to get too stuck on historical data because when these are violated, you will see headlines like “it happened for the first time” triggering your disappointment.

SETH, ETH

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Raoul Pal Predicts Bitcoin Price Surges, Tied to Global Money Supply

Bitcoin’s Impact on Corporate Strategies Raises Concerns

Global Markets React Swiftly to Trump’s Tariff Threat

Peter Schiff Highlights Gold’s Dominance Over Bitcoin in Central Bank Reserves

Bitcoin’s Potential Pullback: Will the Golden Cross Trigger a Correction?

COINTURK NEWS 5 September, 2024 - 11:07 pm 5 September, 2024 - 11:07 pm
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin’s Price Movements Impact Mining Activities
Next Article Politics and Finance Intersect in Cryptocurrency
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Pi Network Enhances Ecosystem with New dApps and Improved Account Recovery
Altcoin News
Bitcoin Surges Towards 150,000 Dollars as XRP Poised for Dramatic Gains
Ripple (XRP)
Raoul Pal Predicts Bitcoin Price Surges, Tied to Global Money Supply
Bitcoin (BTC)
Elon Musk Champions Government Spending to Bolster U.S. Economy
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?