The post Crypto Models Align on Bitcoin Price Markers as Halving Nears While Meme Coin Traders Bet on This Crypto appeared on BitcoinEthereumNews.com.

Bitcoin briefly revisited the $38,000 level on Tuesday, a psychologically significant milestone. Leading crypto analyst CryptoCon sees deeper meaning in the date, calling it “the most important day of the year for Bitcoin.” CryptoCon reminds his 65,000 followers that Bitcoin price cycles align with the seminal first halving event on November 28, 2012. “Green Accumulation Year is now over,” CryptoCon tweeted, referencing the fact that on his chart, accumulation ends in November this year.  Several of CryptoCon’s predictions for the green year played out on schedule: A price bottom within 21 days of November 28, 2022 ✅ The best buying opportunities of the 4-year cycle ✅ An initial peak around July 13, followed by retracement ✅ A return to the $34,500 median price of the previous $69k ATH ✅ Blue Year Signals Run Up to New Highs With the green year in the rearview mirror, CryptoCon sees 2024’s “Blue Year” setting the stage for record prices in 2025. In his analysis, blue years feature rangebound consolidation near the median level, akin to 2015 and 2011, during their respective cycles. CryptoCon notes blue years historically spawn an early top “+/- 21 days from July 9th.” In 2024, he envisions a peak of $42k – 48k, cementing the higher low before the next halving and ensuing bull run. While expecting some early fireworks, CryptoCon stresses each cycle differs slightly. “We shouldn’t expect Bitcoin to do exactly as it did in 2015 – 2018… that would make it too easy.” Nonetheless, he sees Bitcoin following a similar script of rising into December, followed by a sideways drift for much of 2024. An August bottom per the reference cycle precedes the next ascent. Competing Model Aligns on Price Markers The BitTime cycling model offers additional insights into potential Bitcoin price action, says CryptoCon. This…

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Filed under: News - @ November 29, 2023 6:28 pm