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<p>Bitcoin tends to move in predictable 54-month cycles that could see its next peak arrive well before November 2024, contrary to current sentiment, according to crypto strategist <a href="https://twitter.com/Haejin_Crypto/status/1726350152053502289" target="_blank" rel="noopener noreferrer nofollow">Haejin</a>.</p>
<p>Haejin notes Bitcoin’s price has risen and fallen over three previous 54-month cycles since 2015. Each was aligned with the right-translated pattern where BTC topped out after the cycle midpoint. But historically, the fourth iteration almost always follows a left-translated structure with an earlier peak.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="640" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-516-1024x640.png" alt="" class="wp-image-381368" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-516-1024x640.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-516-300x188.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-516-768x480.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-516-1536x960.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-516-2048x1280.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-516-1200x750.png 1200w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-516-240x150.png 240w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-516-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-516-560x350.png 560w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-516-788x492.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-516.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>If this pattern holds, it suggests Bitcoin’s current cycle, which started in November 2022, could crest before hitting the halfway mark in November 2024. Rather than the ultra-bullish forecasts dominating social media, a climax ahead of schedule around mid-2023 is plausible when accounting for cyclical tendencies.</p>
<p>While not guaranteed, Haejin urges traders to be open to this cycle inversion and the probability of an earlier-than-expected Bitcoin peak. Previous 54-month translations indicate the next bear market could also last beyond just two years.</p>
<p>Read also:</p>
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<p>In summary, Haejin believes most are ignoring Bitcoin’s cycle history, which argues against unchecked euphoria. By mapping cycles, prudent traders can maximize profits and minimize risk rather than fall prey to hopium. While anything is possible, cyclical analysis hints the next Bitcoin fever may arrive sooner and be more short-lived than most expect.</p>
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<p>The post <a href="https://captainaltcoin.com/bitcoin-moves-in-54-month-hurst-cycles-analyst-says-btc-will-peak-before-this-date/" rel="noopener noreferrer nofollow">Bitcoin Moves in 54 Month Hurst Cycles, Analyst Says BTC Will Peak Before This Date</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Moves in 54 Month Hurst Cycles, Analyst Says BTC Will Peak Before This Date

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