Analyst Says Bitcoin 4-Year Cycles Are Over, Here’s Why
Popular analyst Justin Bennett has explained why the Bitcoin four-year cycle might be over for the foreseeable future. He indicated that the crypto’s projected price surge in this market cycle might not happen as planned and that Bitcoin could suffer a severe price crash soon enough. Why The Bitcoin Four-Year Cycle Might Be Over In […]
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A quant has pointed out parallels between the current and the 2017 Bitcoin cycles, something that may contain hints about what’s next for the asset. The Current Bitcoin Cycle Has Shown Interesting Parallels With The 2017 Cycle As explained by an analyst in a CryptoQuant post, there have been five interesting recent events in the current cycle that are similar to what was seen in the 2017 cycle. The 2017 cycle hit its top in December of that year, while the current cycle hit its top back in November of 2021. The entirety of these cycles isn’t relevant in the context of the....
The Bitcoin price appeared to have reached its top in this current cycle, embarking on a downward trend after notching a new all-time high of $108,786 at the beginning of the year. The story seems to be changing again for the premier cryptocurrency, as it builds on recent bullish momentum and looks to reclaim the $100,000 level. When Will BTC Price Reach The Cycle Top? In a recent post on the X platform, crypto analyst Brett put forward an interesting analysis of the Bitcoin price structure and its potential trajectory in what remains of the current cycle. This evaluation looks at the....
According to a CryptoQuant analyst, the Bitcoin price top isn’t in yet if the pattern of past bull cycles holds any weight. Bitcoin Might Reach A New ATH In This Cycle As per a CryptoQuant post, it’s possible that Bitcoin hasn’t yet reached the cycle top, and that a new all time high (ATH) might be achieved soon. There are two ways to define a cycle. The first is to make the initial point the BTC halving. Here is a chart that shows how the price of the coin moved in the 2012, 2016, and 2020 bull cycles based on this criterion: Price vs the number of days after halving in....
The recent bearish trend in the crypto market have prompted many to speculate about the market’s next movements. Among these speculators, analyst Dan Gambardello’s latest insights suggest a bullish future for the market. Gambardello’s recent analysis points towards the potential of the market’s upcoming bull run to surpass previous cycles in its strength. Highlighting Potential Top […]
Events in China could have been dictating Bitcoin price action not just this year, but since its genesis, data hints. Bitcoin (BTC) may be hitting new all-time highs, but it may just be another bubble, new research suggests.Unveiling a theory that could well rile Bitcoin bulls, analytics guru Material Scientist revealed what seems to be a strong correlation between Bitcoin price cycles and Chinese debt cycles.Casting doubt on the power of Bitcoin halvingsWith BTC/USD hitting its latest all-time high in April 2021, expectations are high that another will come before the end of the....