Based on current BitconeMine analysis, I believe Bitcoin prices could peak around $200,000 within the next 18 months. That may well be the peak. But I do think we will see a rapid rise in Bitcoin prices and then hopefully a sustained rise for a while before the bear cycle returns.
One positive sign is that Bitcoin's long-term flattening suggests that the continued rise could last longer. Of course, it all depends on macro events and other factors.
Bitcoin could rise after the November presidential election as volatility tapers off. Similarly, further rate cuts by the Federal Reserve could also be positive for Bitcoin...
As interest in cryptocurrencies continues to grow, many are looking for ways to participate in the market without having to deal with the complexity of traditional mining.
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