A wave of institutional crypto participation spurred by exchange-traded funds, an easing of regulations in the US, an increase in global liquidity, and a Federal Reserve leadership change are just some of the reasons why analysts think the typical four-year cycle is broken.
The four-year cycle, tied to Bitcoin (BTC) halving events, cuts miner rewards in half and reduces the supply of new Bitcoin entering circulation.
Historically, this was seen as the catalyst for a predictable pattern: accumulation, a post-halving bull run that peaked around 18 months later, followed by a sharp correction and multi-year bear market.
Some analysts note that Bitcoin’s current price action is playing out exactly as a four-year cycle would, as it has declined 30% from its peak in the year after the…
more
Source cointelegraph.com
Terms of use and third-party services. More here.