- InvestorsHub CEO Clem Chambers says that BTC is undergoing its four-year cycle before its $120K ATH.
- Chambers suggested that Bitcoin will hit lows of $10,000 before it will recover.
InvestorsHub CEO Clem Chambers has expressed that the flagship currency Bitcoin (BTC) is still under its four-year cycle to surge up to $120K ATH.
Specifically, Chambers emphasized that amid the BTC’s four-year cycle, its price will decrease before it will get support to rebound.
Discussing this, Chambers went further by saying that Bitcoin will record lows of $10,000 before it will recover. On the other hand, Chambers mentioned that the present Bitcoin cycle is due to the halving process.
For this, he explained further that he is even expecting BTC to mainly enter into the “winter season” at the time its price will stall.
Chambers said,
“We are in a crash, and it’s going to go way, way lower, in my opinion. And then it’s going to be a crypto winter…the next bubble is going to go to $120,000, but not before going to $20,000.”
Of note, Chambers again stressed that the “bitcoin winter” season will happen regardless of how institutional investors continue to invest in Bitcoin.
In addition, Chambers striked and bashed existing institutions about their timing on Bitcoin investment, “they are cowards coupled with the fear of missing out.”
Furthermore, Chambers said that institutional investors will stop trading Bitcoin in the upcoming days but the fear of missing out will resume in the next cycle to push BTC price higher.
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Source: https://coinquora.com/investorshub-ceo-says-btc-is-facing-4-year-cycle-to-hit-120k-ath/
