Analyst Declares Bitcoin’s Four-Year Cycle Ineffective
- A crypto analyst with over 227,000 followers announced that the Bitcoin four-year cycle is no longer effective.
- The market has been in a long phase of consolidation, with Bitcoin and major altcoins trading around 30% or more below their all-time highs.
- Traditional markets like silver and gold are reaching new peaks, while major US stock indexes hit fresh highs.
- BTCUSD recently fell below $85,000 after peaking above $126,000 earlier this month.
- Investor sentiment remains negative according to the Fear & Greed Index, indicating a bearish market structure.
The analyst suggests that traditional factors like the Bitcoin halving no longer dictate market behavior due to influences like monetary policy and liquidity flows. Despite current stagnation, there is potential for a new bullish phase once the accumulation trend ends.
This analysis highlights a significant shift in crypto market dynamics as traditional cycles lose influence amid broader economic factors. (Source)
