Analyst: Bitcoin May Have Bottomed in October, Opportunity to DCA Between $48,000 and $62,000

BlockBeats News, August 16th — Crypto analyst Ali Charts posted a message stating that based on the Bitcoin four-year cycle, he expects BTC to reach the bottom of this market cycle between October 6th and 16th.

He believes that before the final capitulation phase of the drop occurs, investors should devise a dollar-cost averaging strategy ranging from $62,000 to $48,000 to accumulate Bitcoin in batches.

He judged that the current bear market is nearing its end and stated that now is the time to start shifting towards a bullish view.