Bitcoin has not reached the top of its current cycle and is likely to go past its all-time high this year, according to a research report released by CCData on Tuesday.
The bitcoin"cycle" refers to the period of time in which the digital currency ascends to a new record high, then falls again to enter aThese cycles — of which three have now completed since the launch of bitcoin — have tended to follow a similar pattern.NFL, RedBird joint venture EverPass lines up ‘Sunday Ticket' streaming in bars, restaurants
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyCCData's report, which examined historical bitcoin price movements, suggests it can.
The analysts acknowledged that the"influence of institutional participants in the industry" in the current cycle has"altered the previous trends," adding that low trading activity is likely to take place in the third quarter — which could in turn suggest more sideways price action.
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