- Joined
- Sep 29, 2023
- Messages
- 446
- Reaction score
- 72
- Location
- Morganton, NC
- Website
- conversations-ii.freeforums.net
- D Bucks
- 💵0.359100
- Referral Credit
- 0
Is This Bitcoin Bull Market Early? Here's What the Data Says About Timing the Top - Decrypt
Even though a new all-time high price for Bitcoin came before the halving, the four-year cycle appears to remain intact.
decrypt.co
Thoughts?Crypto investors are delighted over Bitcoin’s immense gains this year, rising 50% less than two months after the approval of U.S. Bitcoin spot ETFs in January.
Yet those gains may also be a source of uncertainty – especially for traders. Until this week, Bitcoin had never broken the highs of a prior bull market top until several months after its one-in-four-year “halving” event. Now that it’s done so ahead of schedule, could the asset’s long-standing four-year market cycle be thrown completely out of whack?
“So far, it seems that the four-year cycle remains intact,” Julio Moreno, Head of Research at CryptoQuant, told Decrypt. The analyst noted that Bitcoin’s price still moved in line with the cycle when it tapped its low of $15,500 in November 2022.