Bitcoin prices hit an all-time high in July, but have since slowed down. Ethereum prices hit an all-time high in August, but the wider Altcoin market remains weak, leading to speculation that there will be no Altcoin season. Because they don’t expect the Altcoin season to happen anytime soon, some have begun to look for the top of the cycle. This means that the bear market may be on the horizon.
According to Bitcoin Harving Trends, Blu Market says it’s over
Crypto Investor and Trader Philakone joined the X (formerly Twitter) platform and updated its over 170,000 followers on which part of the market. To do this, Philakone looks back at the past two bull cycles.
Bitcoin Harving It is a way to predict when the bull and bear market will begin, and is very accurate in the last few cycles, and the trend remains similar. One of the main things is that it took Bitcoin price and crypto market to reach the top of the top days after half of Bitcoin was completed.
As Crypto Trader explains, after 2017 Bitcoin was halved in 2016, it took a total of 545 days for the bull market to be completed. Similarly, after Bitcoin was halved in 2020, it took another 525 days for the bull market to end. This shows a strict time frame for each.
Currently, Crypto Market is already in a bull market for 506 days as of post, with Bitcoin prices already reaching multiple new all-time highs. As a result, Crypto analysts believe it’s time to make money as they remain in this bull market within 30 days. He also believes the bull market is “over 100%.”
Four-year cycle theory is abandoned
Bitcoin’s four-year cycle theory has historically been one of the most accurate means of when bull markets begin and end. However, this current cycle deviates significantly from the four-year cycle, due to changes in macro headwinds. The emergence of things like Spot Bitcoin ETFs have caused “premature” liquidity in the market, pushing BTC prices to early highs and leaving the Altcoin market.
But others have such anti-fluidity. ETH. I believe that the four-year cycle did not exist in the first place. Instead, it was macro fluidity that was consistent every four years. The bear market was then brought about by negative macro liquidity. And the tide shift that the market is currently seeing is because macro liquidity is instead positive.
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