BTC Offers Generational Wealth Opportunity as Bitcoin’s fall to $78,000 Could Mark the Local Bottom
- Bitcoin offers generational wealth opportunity.
- BTC price fell to $78,000 which could be the new local bottom for the asset.
- This could mark the end of the ongoing dump and a sharp incline may occur.
The trying week for the crypto market continues as Bitcoin (BTC), the pioneer cryptocurrency asset fell to a new weekly low of $78,000. This event seems to have marked an iconic spot with seasoned analysts saying that BTC is offering a generational wealth opportunity. Could BTC have finally printed a local bottom?
Generational Wealth Opportunity
As we can see from the post above, Simply Bitcoin, a verified Bitcoin news channel, shares a video explaining what the current market could lead to. The video goes on to explain how powerful assets are much lower than their ATHs. The video mentions how inflating assets such as fiat will lead to disparity in finance and economics when money is printed.
The video then goes on to say how Bitcoin outperforms all other assets even in times of inflation. Thus, if fiat money will continue to print and devalue itself, then the value of Bitcoin will only continue to grow in the long-term. The video concluded with an encouraging message for the price of BTC.
Bitcoin Bull Run Far From Over
Along the same line of thought, another post highlights how the peak of the ongoing bull cycle’s bull market phase is yet to reach its crescendo. As we can see from the post above, this analyst highlights how the Bitcoin hash price has dropped to historically low levels, similar to past market bottoms.
In conclusion, the post states that every time this pattern occurs, which is depicted in a blue box on the chart shared in the post above, then, BTC was near its lowest point before recovery. Therefore, if the same pattern plays out then, a parabolic pump may be in store for Bitcoin price soon.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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