Source: CryptoNewsNet
Original Title: Chinese CEO Gives Good News for Bitcoin – “It May Be Bottomed Out Right Now”
Original Link: https://cryptonews.net/news/bitcoin/32190204/
Jack Kong, founder of Nano Labs, pointed out Bitcoin’s (BTC) long-term price history, noting that bear market bottoms frequently coincide with the Christmas period.
According to data shared by Kong, Bitcoin rose from approximately $0.25 in 2010 to $98,200 in 2024, increasing in value almost 400,000 times in 14 years.
Kong added that historical examples reveal a remarkable cyclical pattern. According to him, significant bear market lows for Bitcoin occurred around the Christmas season in 2014 at $319, in 2018 at $3,815, and in 2022 at $16,831. In contrast, he noted that bull market peaks were spread across different periods of the year.
Sharing his price expectations for the year 2026, Kong predicted that Bitcoin could bottom out at $88,000 in 2025. He stated that this prediction reflects the market’s expectation of cyclical corrections, arguing that such volatility is a natural part of digital assets being a new and emerging “store of value.”
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GasFeeCrying
· 7h ago
The bottom signal is back again, every time saying it's the bottom, next time saying a rebound, I really can't hold it anymore.
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MEVVictimAlliance
· 7h ago
The bottom discussion is back again, saying the same thing every time haha
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DeFiDoctor
· 7h ago
The consultation records show that I have seen too many clinical manifestations of this kind of "bottom theory." What Jack Kong says needs to be supported by regular data review—relying solely on historical cycle theory to judge, the risk warning light should have already been on.
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DaoDeveloper
· 7h ago
ngl the whole "we've bottomed out" call feels premature without actually looking at the on-chain metrics... like where's the accumulation data? merlin's thesis on market cycles had some interesting stuff but this reads more like hopium than analysis tbh
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SerNgmi
· 7h ago
Here comes the bottom discussion again; I've heard this set of arguments in every bull and bear cycle.
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memecoin_therapy
· 7h ago
Is the bottom signal really here this time, or is it just another pullback?
Bitcoin's Cyclical Pattern: Historical Bear Market Bottoms and 2025 Price Outlook
Source: CryptoNewsNet Original Title: Chinese CEO Gives Good News for Bitcoin – “It May Be Bottomed Out Right Now” Original Link: https://cryptonews.net/news/bitcoin/32190204/ Jack Kong, founder of Nano Labs, pointed out Bitcoin’s (BTC) long-term price history, noting that bear market bottoms frequently coincide with the Christmas period.
According to data shared by Kong, Bitcoin rose from approximately $0.25 in 2010 to $98,200 in 2024, increasing in value almost 400,000 times in 14 years.
Kong added that historical examples reveal a remarkable cyclical pattern. According to him, significant bear market lows for Bitcoin occurred around the Christmas season in 2014 at $319, in 2018 at $3,815, and in 2022 at $16,831. In contrast, he noted that bull market peaks were spread across different periods of the year.
Sharing his price expectations for the year 2026, Kong predicted that Bitcoin could bottom out at $88,000 in 2025. He stated that this prediction reflects the market’s expectation of cyclical corrections, arguing that such volatility is a natural part of digital assets being a new and emerging “store of value.”
*This is not investment advice.