BTC Consolidates Amid Increasing Bear Power, Can the Bulls Hold On? By CoinEdition

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BTC Consolidates Amid Increasing Bear Power, Can the Bulls Hold On?

Published Feb 09, 2023 02:32PM ET Updated Feb 09, 2023 03:00PM ET

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BTC Consolidates Amid Increasing Bear Power, Can the Bulls Hold On?

CEO of XOR Strategy tweeted that the bear market lasted only for one year, followed by three years of bull run.

BTC could hit 350K in the next halving scheduled for May 2024, states Ohayon.

The bears are in on BTC. The bulls may need something extra special to stop the bears.

Chief Executive Officer (CEO) of XOR Strategy, Aurelien Ohayon, tweeted that bear markets last only one year with each halving that happens once in four years. The rest of the three years were followed by bull runs sped by halving, stated the CEO in the tweet.

#BITCOIN BULL RUN BEGINS.
Bear markets only last for one year.

Bull runs last 3 years.

Halving speeds up each bull run. pic.twitter.com/5f8p4jGsmo

— TAnalyst (@AurelienOhayon) February 8, 2023

When taking a closer look at the image shared on the above tweet, it could be seen that the gradient of BTC rose with the beginning of every halving process as shown in the second rectangle within the three years.

Meanwhile, the tweet points out that, at present, BTC is in the beginning phase of the first rectangle. With its halving process scheduled for May 2024, as per reports, Ohayon predicts BTC to hit $350K after the impending halvin…

The post BTC Consolidates Amid Increasing Bear Power, Can the Bulls Hold On? appeared first on Coin Edition.

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BTC Consolidates Amid Increasing Bear Power, Can the Bulls Hold On?

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