Unveiling Crypto Market Insights: Bitcoin Cycles
Greetings, fellow crypto enthusiasts!
We are thrilled to initiate a series of posts dedicated to educational market content, with a central focus on crypto markets.
To kickstart this series, we will delve into the cyclical nature of Bitcoin and introduce the key terms pivotal to our upcoming detailed reports.
In this analysis of Bitcoin cycles, the cycle's start is identified as the lowest point following the peak of the preceding cycle within a multi-year timeframe. Historically, the duration between low points in Bitcoin cycles has been around 4 years. This encompasses a 3-year bullish phase (approximately 150 weeks) represented by the green chart area, followed by a 1-year bearish phase (about 50 weeks) depicted in red. The cyclical nature of Bitcoin is influenced by various factors, including the Bitcoin halving. This event reduces the block reward, thereby diminishing new supply, by 50% approximately every 4 years. The upcoming Bitcoin halving is anticipated in April/May 2024.
We are currently trading in week 40 of the current bull phase of the cycle, which lasted ca. 150 weeks in previous two cycles we presented on the charts.
Bitcoin is approximately 35 weeks away from the halving. What are your price expectations as we approach this event?
In which week of the cycle do you expect current cycle top to occur?
Let us know in the comments.
We are thrilled to initiate a series of posts dedicated to educational market content, with a central focus on crypto markets.
To kickstart this series, we will delve into the cyclical nature of Bitcoin and introduce the key terms pivotal to our upcoming detailed reports.
In this analysis of Bitcoin cycles, the cycle's start is identified as the lowest point following the peak of the preceding cycle within a multi-year timeframe. Historically, the duration between low points in Bitcoin cycles has been around 4 years. This encompasses a 3-year bullish phase (approximately 150 weeks) represented by the green chart area, followed by a 1-year bearish phase (about 50 weeks) depicted in red. The cyclical nature of Bitcoin is influenced by various factors, including the Bitcoin halving. This event reduces the block reward, thereby diminishing new supply, by 50% approximately every 4 years. The upcoming Bitcoin halving is anticipated in April/May 2024.
We are currently trading in week 40 of the current bull phase of the cycle, which lasted ca. 150 weeks in previous two cycles we presented on the charts.
Bitcoin is approximately 35 weeks away from the halving. What are your price expectations as we approach this event?
In which week of the cycle do you expect current cycle top to occur?
Let us know in the comments.
tradingview.com/watchlists/74745881/
This post does not offer personal investment advice or recommendations. Bitstamp accepts no responsibility for any damage or loss from the utilization of the information presented here.
This post does not offer personal investment advice or recommendations. Bitstamp accepts no responsibility for any damage or loss from the utilization of the information presented here.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.