Shift

Bitcoin

when

Davinci Jeremie

Daily

The post <a href="https://coinpedia.org/news/bitcoins-four-year-cycle-shows-signs-of-potential-shift-in-narrative-100k-soon/">Bitcoin’s Four-Year Cycle Shows Signs of Potential Shift In Narrative; $100k Soon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Can Bitcoin make it? Can Bitcoin reclaim the $60k level as a strong support? We’ve been witnessing downward wicks over the past few weeks, including last week, but now we’re seeing solid candle formations, as reported by several analysts.&nbsp; 
Analyst and<a href="https://www.youtube.com/watch?v=6_qXvIXUt4U"> investor Davinci Jeremie</a> said that for 14 years, Bitcoin’s four-year pattern had remained unchanged until March 2024, when the price began showing signs of deviation. He noted that a similar instance occurred in November 2022, when Bitcoin broke below its previous all-time high, marking a significant shift. Despite this, Bitcoin saw a run-up to new all-time highs in February and March, just before the halving event. 
Looking ahead to 2025, he remains cautiously optimistic about Bitcoin, suggesting a potential maximum price around $100K. He said&nbsp; that market manipulation could impact price movements, pointing to issues such as the Consumer Price Index (CPI) adjustments and geopolitical tensions affecting sentiment. 
However,<a href="https://x.com/rektcapital/status/1811464735377780985"> analyst Rekt Capital</a> wrote, “Not only is Bitcoin rejecting from the Daily resistance of $58350 (black) but a new Lower High (orange) may also be developing. This is not conclusive but if Bitcoin wants to rally to $60600 (blue) going into the weekend. Bitcoin will need to Daily Close above the black resistance to invalidate the early-stage Lower High and set price up for that rally to $60600.” 
Previously, Rekt Capital had said that in January 2023, we saw the deepest retracement in that cycle at 23%. A year later, it took that long to surpass that retracement record, hitting 23.8%. Now, just two and a half months later, we’re breaking that record again with the current cycle’s deepest retracement at 25.6%.&nbsp; 
Currently, we’re at 46 days, indicating this retracement is also lasting longer than usual. Considering historical data, while some retracements have been as short as 3 weeks and others as long as 63 days, our current retracement is gradually becoming one of the longer ones observed.

Bitcoin’s Four-Year Cycle Shows Signs of Potential Shift In Narrative; $100k Soon?

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