Ben Armstrong is back with another insightful video, and the CoinSpeech team has collected the most important takeaways from his recent appearance. Find Ben Armstrong’s new video below.
The Art of Predicting Bitcoin Cycles
Ben Armstrong likens Bitcoin cycles to music, where understanding the rhythm can lead to accurate predictions. He elaborates, “When it comes to Bitcoin Cycles, it really is kind of an art”. Armstrong draws parallels to the predictability in music, where one can often foresee the next word or beat.
Why the Previous All-Time Highs are Crucial
Breaking through the $70,000 mark is a significant milestone for Bitcoin. Armstrong emphasizes that, “Bitcoin is above $70,000 and this is a very bullish point for the price of Bitcoin.” This sets the stage for new all-time highs, which he predicts will be reached by the end of May.
The Role of Conferences and External Events
Armstrong spotlights how major conferences and even individual tweets from influential figures like Elon Musk affect Bitcoin’s cycle. He states, “these conferences they play—they’re almost mile markers in a lot of these… the cycles of these coins and the cycles of bullish price action.” Notably, he predicts, “probably Thursday we’re going to see an all-time high.”
The Impact of Accumulation Periods
According to Armstrong, the typical accumulation periods have been disrupted, compressing the current Bitcoin cycle. He explains, “That four-month period is kind of been scattered throughout this bull run to where it’s thrown off a lot of the timelines and a lot of the time frames for things.”
Impeccable Track Record
Finally, Armstrong prides himself on his nearly flawless prediction record for 2023. He boasts, “I’ve literally been Flawless—every single prediction I made in that video has come true.” Given this track record, Armstrong’s latest predictions warrant close attention.