Cryptocurrency analyst Ali Martinez claimed that Bitcoin’s current upward trend could continue for months.
Ali Martinez explained that the asset could be in an upward trend for two years, citing processes related to past halving events.
“Four-year cycles driven by Bitcoin halvings often obscure price action. Historically speaking, this represents a three-year upward trend followed by a one-year correction. According to this cycle, Bitcoin is currently in an upward phase and can potentially continue until December 2025.
Investors said miners have recently released a large amount of BTC, which could cause the asset value to drop. ”
“Bitcoin miners sold a remarkable 3,000 BTC worth approximately $129 million. This sale may affect the BTC price.”
At the time of writing, Bitcoin is trading at $42,363, according to CoinMarketCap data
