Bitcoin market cycles have not been anchored around its cessation events that are widely believed, according to analyst James Check, who said other factors are driving bull and bear cycles.
“In my opinion, Bitcoin has experienced three cycles, and they are not anchored around halvings,” check Says On Wednesday, the cutting of blockchain rewards were determined that usually occurs every four years.
He said that Cycles in the market are anchored around the “market trends and market structures,” along with the 2017 climax market and 2022 lower move points.
The check has highlighted three previous cycles as a “adoption of adoption” from 2011 to 2018, driven by early retail, a “youth cycle” from 2018 to 2022, driven by “Wild West Boom and Bust with action,” and the current “Cycle Cycle” from 2022 Advan maturity and stability.
“Things changed after the 2022 bear market, and people who assume the past will repeat the signal because they look at the historical noise,” he said.
Cycle theory of cycle is still on track
Check review is against the popular theory that Bitcoin (Btc) Cycles in the market It usually covers four years and has been anchored around its cessation events, which has pushed a shock of supply due to reduced block rewards and more demand.
This is when the year of the Bull Market Peak arrives the year after dividing the event, as it has done in 2013, 2017, 2021, and appears to be on track to repeat the pattern in 2025.
The check also stated that Bitcoin is “literally the only other endgame asset next to gold,” indicating that the current cycle can be expanded.
Ending a four -year cycle?
Had a number of recent predictions that traditionally four years Cycle Done, and this bull market can be expanded next year due to institutional participation.
Related: Did the four -year crypto cycle die? Believers are growing strongly
Earlier this month, Bitwise Chief Investment Officer Matthew Hougan told this cycle was “unofficial until we see a positive return in 2026. But I think we will do it, so let’s say it: I think 4 years has ended.”
“Techdev” businessman said His 546,000 followers on X on Tuesday that “the dynamics of the business cycle were all needed to understand Bitcoin’s,” and described the peaks and troughs from previous cycles.
The review suggests that transfers from bearish to bullish phases are driven by the dynamics of liquidity rather than the traditional four-year halving cycle, and the only difference at this time is the extended bullish phase.
The current twist ends, says Glassnode
Glassnode analysts stated on August 20 that Bitcoin was Still tracked the traditional patterns of its cycle. On Tuesday, they were rewritten Recent income extraction and elevated sale pressure “suggests that the market has entered a final stage of rotation.”
Meanwhile, position businessman Bob Loukas had a more pragmatic Get in market cycles.
“I often hear, ‘no more bitcoin cycles’. The truth is, we are always in the cycles. We can’t just control ourselves. We pump until it explodes, because we just want to. Then we just start. The only difference is how much shrapnel you can avoid and how fast you can reset.”
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