HomeCoinsBitcoinThe cryptostrategist predicts the continuation of the bitcoin bull market in 2022

The cryptostrategist predicts the continuation of the bitcoin bull market in 2022

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Bitcoin

Cryptostrategist Benjamin Cowan believes that in 2021 will not please its supporters with explosive growth

In his opinion, is in the range of massive re-accumulation. Looking at the big picture, Cowan noted that throughout the year was trading in a wide range from $28,000 to $65,000:

“We started with about $28,000 – $29,000 and it was the start of 2021. What has been shown so far? Not so much, right? Will it be possible to show more significant results by the end of the year? Maybe, but I’m not sure that 2021 will be the year of a parabolic rally for bitcoin”

Although the distance between the minimum and maximum of the range may seem significant, Cowan noted that bitcoin holders are unlikely to be thrilled with a profit of a little more than 2 times:

“Look what happened to bitcoin in 2021 – nothing special. The yield was about 130% and I am sure that most holders will not even get up from the couch for 130%”

Cowan called 2021 the year of significant accumulation of bitcoin and believes that the asset will extend its bullish cycle in :

“We have returned to the top of the range, so there may be some euphoria, as it was from January to March 2021. There are chances for a sharp breakthrough, but the data show that the cycle should last at least through . Looking back at 2021, I believe that for the most part it was a year of long-term re-accumulation.”

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