Crypto Analyst Says It’s September 2016 For Bitcoin Again, What This Means

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	57,992,496,508	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

57,992,496,508

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.00675	-1.69%	0.39378	0.39378	0.39385

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.00675

-1.69%

0.39378

0.39385

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.41646	0.37932	0.39707	0.40053	0.068900 - 0.439500

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.41646

0.37932

0.39707

0.40053

0.068900 - 0.439500

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	17:55:53	14.50	0.39385	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

17:55:53

14.50

0.39385

USD

Price x Volume	Volume	Base Symbol	Related Pairs
524,260,561.76	1,327,383,099.80	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

524,260,561.76

1,327,383,099.80

Crypto Analyst Says It’s September 2016 For Bitcoin Again, What This Means

06/09/2024 9:30pm

NEWSBTC

Crypto analyst CryptoCon stated in his recent market analysis that the Bitcoin current price action is reminiscent of December 2016. He further explained what he meant and provided insights into what to expect from the flagship crypto going forward. “It Is September 2016 All Over Again For Bitcoin” CryptoCon mentioned in an X (formerly Twitter) post that it is September 2016 again for Bitcoin. In line with this, he remarked that the “Bitcoin trend strength prophecy” has been fulfilled. He explained that just like in September 2016, Bitcoin has dipped into the support zone after the mid-top. Related Reading: Dogecoin Moving Averages Say Accumulation Has Ended, Here’s Where Price Is Headed Next To further support his stance that the flagship crypto is mirroring past trends, he noted that all months had been the same for support zone entries for alternating cycles. He also asserted that the “pattern of 3’s” has not failed yet, both in the mid-cycle or bear market. His accompanying chart showed that Bitcoin is currently at the last part of its reaccumulation zone, just before it hits a cycle top, just like in the 2016 market cycle. Following his analysis, CryptoCon boldly stated that the cycle is not over, providing belief that Bitcoin will still hit new highs and surpass its current all-time high (ATH) of $73,000, which it hit in March earlier this year. Before now, the crypto analyst assured that Bitcoin’s price dips are just a minor setback and that the crypto will still rise to as high as $160,000 at the peak of this bull run. CryptoCon also noted how Bitcoin experienced such choppy and “boring” periods in previous halving cycles just before reaching new ATHs the following year after the halving event. The crypto analyst had previously predicted that the cycle top would come sometime in November 2025. This projection is also based on Bitcoin’s price action in previous halving cycles. More Hope For BTC Investors Crypto analyst Mikybull Crypto also recently gave Bitcoin investors hope that the worst was almost over for the flagship crypto. In an X post, he stated that a Bitcoin parabolic rally is looming as DXY is about to break down from the macro bear flag. The analyst also noted that the same scenario occurred in 2017 and 2020. Related Reading: Shiba Inu Recovery To $0.000081 ATH Levels Still In Play In another X post, Mikybull Crypto stated that Bitcoin’s next expansion will raise its price to $95,000. He added that Bitcoin is displaying a bull flag while the DXY is on a bear flag on a macro chart. However, the crypto analyst is confident that macro disbelief and fear are ending, with Bitcoin set to enjoy its parabolic run when that happens. At the time of writing, Bitcoin is trading at around $56,300, down in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

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DOGEUSD Dogecoin