Analyst Ali Charts says Bitcoin may bottom between Oct. 6 and 16

Bitcoin could reach its market-cycle bottom between Oct. 6 and 16, crypto analyst Ali Charts said, arguing that the asset is nearing the end of the current bear market under its four-year cycle pattern. He said investors should consider a dollar-cost averaging strategy (buying in stages to smooth entry prices) between $62,000 and $48,000 to accumulate Bitcoin before what he described as a final capitulation phase. Ali Charts added that now is the time to start turning more bullish.

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