Bitcoin

<ul><li>Bitcoin&#39;s 4-year cycle exhibits three distinct phases, each marked by specific events and price behavior.</li><li>On-chain analysis allows gauging unrealized profits and losses, providing unique market insights.</li><li>Blackrock&#39;s ETF approval and the possibility of a recession are significant factors that could influence Bitcoin&#39;s trajectory within its cycle.</li></ul>The world of cryptocurrencies has its fair share of mysteries, but one phenomenon that continues to captivate investors and analysts alike is Bitcoin&#39;s 4-year cycle. This intriguing pattern, comprising three phases, holds even as the digital currency evolves. <a href="https://bitcoinstrategy.substack.com/p/timing" rel="noopener noreferrer nofollow">On-chain</a> analysis has emerged as a powerful tool for understanding the market&#39;s dynamics, shedding light on the real-time profit and loss scenarios in Bitcoin&#39;s history.Root, an on-chain and cycle analyst, shared insights about Bitcoin&#39;s current market state and its 4-year cycle:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3b0fc2d52e854c769078bc49165dbee0.png" />In this captivating cycle, the first phase commences with the <a href="https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00" rel="noopener noreferrer nofollow">Halving</a> event, historically signaling the start of a full-grown bull market. During this period, fresh demand surges, leading to exponential price increases. The hype typically lasts for a year, culminating in a double top, as seen in 2013 and 2021, or a single top, like in 2017 and possibly 2025.After the exhilarating bull market, Bitcoin enters the second phase - a year-lasting bear market with an 80%&#43; drawdown and multiple capitulation events. The ultimate low point, or bottom, is usually reached by the end of this year. It is a period of despair for many investors, but it sets the stage for the longest and final phase of the cycle - a 2-year recovery.Bitcoin&#39;s price generally rises slowly during the recovery or early bull market. Approximately six months into this recovery phase, Bitcoin has recouped around 30% of the total drawdown from $69,000 to $15,000, now hovering around $30,000. On a cycle basis, it is expected that Bitcoin may recover the remaining 70% over the next 1.5 years, aiming to surpass the $40,000 mark by the next halving in April 2024.Read full article at <a href="https://cryptotale.org/bitcoins-4-year-cycle-tracking-timing-and-recovery-patterns/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bitcoin's 4-Year Cycle: Tracking Timing and Recovery Patterns

CryptoTale

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