{"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":"<p>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<p>He pointed to the asset&#8217;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 <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>to around $150,000.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/Gdnt_79XUAAOBSG?format=jpg&amp;name=large\" alt=\"Image\" \/><\/p>\n<p>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, <strong><a href=\"https:\/\/x.com\/caprioleio\/status\/1863402061926437018\">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<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/expert-breaks-down-risks-of-microstrategys-bitcoin-investment-plan\/\" title=\"Expert Breaks Down Risks of MicroStrategy\u2019s Bitcoin Investment Plan\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Microstrategy-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Expert Breaks Down Risks of MicroStrategy\u2019s Bitcoin Investment Plan<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Bitcoin recently reached $98,000 before dipping slightly below $97,000, but analysts remain positive about the month. According to Markus Thielen, CEO of 10x Research, Bitcoin tends to see an average gain of 10% in December, with especially strong performances during halving years. For instance, returns in December were 6% in 2012, 31% in 2016, and 47% in 2020.<\/p>\n<p>Although some caution remains, with predictions of potential corrections, others are more optimistic, expecting Bitcoin&#8217;s momentum to push toward $125,000 before any significant pullbacks. Analysts agree that a drastic sell-off is unlikely unless Bitcoin falls below the March 2024 high of around $74,000. Until then, traders are generally confident that any dips will present new buying opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is entering an exciting phase of price discovery, sparking significant optimism among traders.<\/p>\n","protected":false},"author":9,"featured_media":138212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-143761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Enters Price Discovery Phase, Analysts Predict Major Gains Ahead<\/title>\n<meta name=\"description\" content=\"Bitcoin is entering an exciting phase of price discovery, sparking significant 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