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Why Bitcoin could finish 2020 up 100%

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An analyst going by “Rptr45,” who specializes in analyzing Bitcoin’s historical trends, recently noted that BTC is currently in the midst of its second full-fledged price cycle, which he claims takes four years. The cycle is marked by a year of parabolic gains, a year of brutal bear market decline, a year of accumulation and expansion, then steady growth to precede the parabolic gains.

Right now, Bitcoin is in the year of steady growth, which in the last cycle saw BTC end the year up 125.6 percent. This simple observation, coupled with the fact that Bitcoin has been following the previous cycle’s (2013-2016) directionality this time around (2017-2020), suggests BTC will end this year at least above $10,000, but around $16,500 if history repeats.
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