Crypto analyst Ali Charts said Bitcoin could hit the bottom of the current market cycle between Oct. 6 and Oct. 16, based on the asset’s four-year cycle. He said investors should prepare a dollar-cost averaging strategy in the $62,000 to $48,000 range before what he described as a final capitulation-style decline. Ali Charts also said he believes the current bear market is nearing its end and that now is the time to begin turning bullish on BTC. The comments were shared on Aug. 16, according to BlockBeats.
Crypto analyst Ali Charts said Bitcoin could reach the bottom of the current market cycle between Oct. 6 and Oct. 16, based on Bitcoin’s four-year cycle, according to BlockBeats on Aug. 16.
He said investors should set a dollar-cost averaging strategy in the $62,000 to $48,000 range and accumulate Bitcoin in batches before a final capitulation-style decline arrives.
Ali Charts also said he sees the current bear market as being close to its end and described this as the time to start turning bullish.
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