Famous CEO Gives Dates for Bottom and Rise! Price Prediction for Bitcoin (BTC) and XRP Revealed!

Bitcoin ($BTC) has fallen back to around $67,000 after recovering above $70,000.

Bitcoin is still a volatile price movement but the CEO of Canary Capital said that “there’s going to be re rally by the end of this year, before that $BTC price will go down to $50,000.”

Speaking to Korea Economic Daily, Canary Capital CEO Steven McClurg said Bitcoin is likely to remain in a correction phase until the second half of this year.

But the renowned CEO has said Bitcoin could be corrected $50,000 before it bounced back in the second half of this year, saying that “Bitcoin may have been upped” to its original value.

McClurg stated that Bitcoin moves within a four-year cycle and is currently in the downward phase of that cycle.

At this point, McClurg noted that $BTC peaked last October and would remain in a downtrend for approximately a year.

“The Bitcoin and the cryptocurrency industry are going through four years of transitions. The theory of this cycle suggests that Bitcoin reached its peak last October at $126,000, a high point for which it has been described as “the most recent bitcoin to date”. After that, I think the market will be in a decline for about one year. , ” and.

According to McClurg, “the crypto market will begin to recover and stabilize as market leverage decreases in the economy and these funds are redistributed,” expecting this turnaround and potential bottom to occur between September or October.

A strong bull market would be extending into 2027, as it is getting older and more of the downtrend ends.’ > ‘Starting later this year? Until that, Bitcoin could be $200,000 to $250,000; and $XRP would go $10. ” , ‘I’m sure it is worth reading.

Canary Capital’s CEO, citing $XRP and Hedera (HBAR) as examples, said “Although only altcoins with clear use cases will survive the downturn.” He said ‘Ripple is a financial platform and Hedera has been an institutional solution provider.

*This is not investment advice.

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