Bitcoin to Rise Until Mid-Next Year, Peaking During U.S. Recession

Bitcoin price growth is expected to continue through the middle of next year. CryptoSlate, a British cryptocurrency investment solutions provider, has announced
Citing the report, he predicted that "Bitcoin could hit a new high within the next 200 days," which would "coincide with the most likely time for a U.S. economic recession in the middle of next year."
He continued, "554 days have passed since the start of the new Bitcoin cycle," and "usually, a Bitcoin cycle begins when the annual average market capitalization growth rate turns positive (+).
It took an average of 756 days for the price to reach the target. The current cycle began just before BlackRock filed for a Bitcoin exchange-traded fund (ETF), and if past patterns repeat, Bitcoin could reach a high of 1.
"Bitcoin is expected to hit a high in the middle of next year," he said. "Currently, Bitcoin's Relative Strength Index (RSI) is below 60, lower than previous bull market highs."
"Extending this to four-year data shows there is still upside potential. Bitcoin could gain additional momentum early next year, driving prices even higher," he explained.