{"id":143761,"date":"2024-12-02T17:00:07","date_gmt":"2024-12-02T15:00:07","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143761"},"modified":"2024-12-02T11:31:51","modified_gmt":"2024-12-02T09:31:51","slug":"bitcoin-enters-price-discovery-phase-analysts-predict-major-gains-ahead","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-enters-price-discovery-phase-analysts-predict-major-gains-ahead\/","title":{"rendered":"Bitcoin Enters Price Discovery Phase, Analysts Predict Major Gains Ahead"},"content":{"rendered":"
Analyst Daan Crypto Trades highlighted this shift, noting that BTC has been trading above its previous all-time high for nearly a month.<\/p>\n
He pointed to the asset’s impressive gains during the price discovery phases of past cycles, such as a 1,600% increase in 2017 and a 245% rise in 2021. He added that even a modest 2021-like move could push Bitcoin<\/a> <\/strong>to around $150,000.<\/p>\n Price discovery happens when an asset trades above its previous highest value, setting the stage for new market pricing. Charles Edwards, founder of Capriole Fund, emphasized<\/a> <\/strong>that Bitcoin typically experiences several months of strong price movements during these phases, citing the 40% surge Bitcoin saw in November. He predicted further bullish opportunities in the coming months, especially as December has historically been favorable for the cryptocurrency.<\/p>\n<\/p>\n