Analyst Matthew Hyland says Bitcoin may need to rise above 350000 USD before a deep bear market emerges
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AT A GLANCE
The analyst says Bitcoin may first need to rise above 350000 USD before a deep correction of 70%to 80%may occur.
Article
Viewpoint: Bitcoin may need to rise above 350000 USD before experiencing 70%–80%a deep bear market
BlockBeats News,October 17, crypto analyst Matthew Hyland recently wrote that Bitcoin may experience a deep bear market in the coming years, with a decline of up to 70%–80%. However, due to substantial support in the 100000 to 125000 USD range, he believes Bitcoin may first need to rise to 350000 USD or higher to create room for the next major correction.
Hyland also believes this cycle may last 8 years, rather than the traditional 4-year cycle. He stated that the macroeconomic headwinds in this cycle have lasted twice as long as in previous cycles, correspondingly extending Bitcoin's cycle timeline, and expects Bitcoin may peak in 2028 years.
Original link https://m.theblockbeats.info/flash/372303
Key points
01
Matthew Hyland stated that Bitcoin may experience a deep bear market in the coming years, with a decline of up to 70%to 80%.
02
He believes that there is substantial support in the 100000 to 125000 USD range, and Bitcoin may first need to rise to 350000 USD or higher.
03
He believes this cycle may last 8 years, rather than the traditional 4-year cycle.
04
He expects Bitcoin may peak in 2028 years.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an analyst's view on Bitcoin's future price and cycle length, not a confirmed market outcome.
Why it matters to readers
This view also focuses on Bitcoin's potential upside, the magnitude of its pullback, and whether the cycle will be extended.
Beginners should treat 350000 USD、70%to 80%and 2028 years as forecast assumptions, rather than definite targets or a timetable.
Risks and unknowns
The assessments in the article are based on an analyst's view; the actual price path has not yet been confirmed.
Whether Bitcoin reaches 350000 USD or higher, or peaks in 2028 years, the evidence does not provide an outcome.
Whether this cycle will indeed last 8 years has not been validated by the evidence.
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Related concepts
Deep bear market
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