Bitcoin experimenting 'Shokeout', not the end of the 4 -year cycle: analysts

The bitcoin historical bull cycle remains intact despite the general concerns of investors about the current recession, which analysts suggest that it can be just a temporary “shaking” before the next ascending movement in the market.

The price of bitcoin (btc) currently decreased 22% from its historical maximum of more than $ 109,000 registered on January 20, the day of the inauguration of US President Donald Trump, as shown in Co -Intelegraph Markets Pro data.

Although the feeling of investors falls into “extreme fear” several times, historical graphics patterns suggest that this can be a price explosion, a sudden price drop caused by multiple investors that leave their positions, preceded by a sudden recovery of price.

“Several key technical indicators have become bearish, which leads to the speculation that the bull cycle can be ending prematurely,” Bitfinex analysts said to Cointelegraph.

“Despite this, bitcoin's 4 -year cycle remains an important factor, historically form that price movements,” analysts said, added:

“Corrections within bull cycles are normal, and past trends suggest that this can be a shake instead of a prolonged bears market.”

However, the launch of the Funds (ETF) quoted by bitcoin bitcoin of the USA, which temporarily exceeded $ 125 billion in cumulative holdings, together with the growing institutional investments of cryptography, makes “clear that the conventional cycle ceases to exist,” the analysts added.

Related: bitcoin needs a weekly closure above $ 81K to avoid disadvantage ahead of FOMC

In an optimistic sign for price action, bitcoin organized a daily closure above $ 84,000 on March 15, for the first time in more than a week since March 8, Commercial view The data show.

However, due to bitcoin's correlation with traditional financial markets, btc can only find a fund together with capital markets, particularly the S&P 500, said Bitfinex analysts, and added:

“Although $ 72,000– $ 73,000 remains a key support range, the broader market narrative, especially the yields of the global treasure and capital trends, will issue the next important bitcoin movement.”

“Commercial wars have already had a price, to some extent, but prolonged economic tension could weigh about feeling,” analysts added.

Related: Rising $ 219b Stablecoin supply signs mid -bulk, not on the market

Reduced bitcoin and four -year cycle still crucial for price action: Analyst link

Despite the fears of a bitcoin bitcoin upward market, the four -year cycle, along with the reduction event of half of bitcoin, remains crucial for the action of the price of bitcoin, according to Iliya Kalchev, an analyst of the digital link office Asset Investmator.

“The annual growth rate composed of four years of bitcoin (Cag) has decreased to a minimum record of 8%, asking questions about whether its traditional four -year cycle remains valid,” Kalchev told Cintelegraph, adding:

“Although the strong institutional adoption during the past year has served as a significant tail wind for bitcoin, its events in half are expected to exert a long -term influence.”

Half of half of bitcoin 2024 reduced the reward of the bitcoin network block at 3.125 btc per block.

The price of bitcoin has increased more than 31% since the last half occurred on April 20, 2024, which was coined the “more bullish” configuration for the price of bitcoin, partly due to the growing institutional interest in the world's first cryptocurrency.

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