A Crypto Analyst Predicts the Duration of Bitcoin’s Uptrend
A well-known crypto analyst, Ali Martinez, has made a prediction about how long Bitcoin’s current uptrend will last. Martinez suggests that based on historical patterns related to halving events, which occur when miners’ rewards are cut in half, Bitcoin could continue its upward trajectory for two more years.
Martinez explains that Bitcoin operates in four-year cycles that are influenced by halving events. Typically, there are three years of bullish trends followed by one year of bearish correction. According to this cycle, Bitcoin is currently in an upward phase that may last until December 2025.
Miners Unloading Bitcoin Could Impact Its Price
In addition to predicting the duration of Bitcoin’s uptrend, Martinez also points out that miners have recently sold a significant amount of Bitcoin. This large sell-off, totaling over 3,000 BTC and worth approximately $129 million, could potentially affect the price of Bitcoin.
Uniswap’s Native Token Shows Bullish Potential
Martinez also expresses optimism about the native token of Uniswap, a leading decentralized exchange (DEX). He believes that Uniswap’s token (UNI) is in a bullish trend and could surpass $10 soon after breaking through a key resistance level and turning it into support.
Closing Thoughts: The Future of Bitcoin and UNI
As of now, Bitcoin is trading at $42,182, experiencing a 1.2% decrease in the last 24 hours. Meanwhile, Uniswap’s token (UNI) is trading at $7.56, showing a 3.4% decline in the same period.
Hot Take: Analyst Forecasts Extended Bullish Phase for Bitcoin and UNI
According to crypto analyst Ali Martinez, Bitcoin’s current uptrend is expected to last for two more years, based on historical patterns. Additionally, Martinez believes that Uniswap’s token (UNI) is in a bullish trend and could reach $10 soon. However, the recent sell-off by Bitcoin miners might impact the cryptocurrency’s price. These predictions provide insights into the potential future of both Bitcoin and UNI.
By
By
By
By