Arsen expert predicts growth of bitcoin cryptocurrency to $ 330,000

Analyst Arsen predicts a significant increase in bitcoin to $ 330,000 in the current bull cycle, despite the recent decline.

According to the expert, institutional investors and market experts are accumulating bitcoin, which indicates a long-term bullish trend. According to Arsen, the current downturn is not a new phenomenon and is in line with the cyclical nature of the bitcoin market. In previous bull cycles, which occur every four years, bitcoin has shown impressive growth: 9000% in 2012, 3000% in 2016, and 1200% in 2020. These cycles lasted about 800 days each.

Arsen predicts that in the current cycle, bitcoin will grow by 450%, reaching $ 330,000 per coin. Despite the fact that BTC $65,642.27 Bitcoin -0.19% Market capitalization $1.3 trillion VOL. 24 hours $0.59 billion recently fell 23% from its high of $ 74,000, institutional investors continue to buy up the asset during the downturn, according to CoinShares data. Reports also show that large investors, or «whales,» have been increasing their holdings during the recent price decline, indicating that demand for bitcoin is growing.

Some analysts remain cautious, however, predicting short-term declines. For example, Біллі Маркус" href="https://noworries.news/biography/billi-markus/" data-bio-id="3704">Marcus Thielen of 10x Research believes that the price could fall to $ 50,000 due to the formation of a double peak. Another analyst, Apsk32, predicts a correction by October, after which he expects a 300% increase by 2026.

It is worth noting that according to analyst Anthony Pompliano, September could be the month when bitcoin sees a price jump. In a new interview with CNBC Squawk Box, Pompliano said that, based on historical precedent, BTC will enter an uptrend in September. This will happen when market participants become more active.