A famous digital currency analyst nicknamed Jack Sparrow believes that the old Bitcoin cyclical model, based on Bitcoin’s 4-year cycle, is no longer valid. He says that the cryptocurrency market is too dependent on past price trends. This analyst believes that Bitcoin has reached its maturity stage and its price behavior is going to undergo fundamental changes. Consider September as a crucial month for Bitcoin that will determine whether the bullish trend continues. According to this analyst, the $61,000 level is key for the continuation of the bullish trend.
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