Buying Bitcoin Today Is Like Buying It at $2, Says Analyst

Depending on the scale you are looking at BTC, you can determine that the asset is either almost 50% away from its all-time high or it’s actually millions of percentages above its price observed a decade ago.

From a technical perspective, the current $65,000-$66,000 region could actually mean that there’s a massive opportunity on the table, at least according to popular analyst Crypto Rover.

… Like Buying at $2

The analyst outlined a specific chart to his 1.6 million followers on X that uses a long-term logarithmic regression curve to claim that the cryptocurrency’s price has followed a predictable upward trajectory for over a decade with little deviation. The green markers show historical touchpoints after which the asset went on a massive run as its price continued along the curve.

Some of the previous instances where it touched the lower level included $2 over a decade ago, $10, $200, $3,500, and, most recently, $16,000, during the bear cycle in 2022. Each of those was followed by tremendous rallies that led to subsequent all-time highs.

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