Bitcoin lifespan cycles

26 de set. de 2023

As observed in the weekly chart, Bitcoin appears to exhibit cyclical patterns, with each cycle lasting approximately one year. In 2020, we witnessed a year-long bullish phase, followed by a 3-month bearish period, succeeded by another 5-month bullish run. Subsequently, a new bearish cycle began, lasting for approximately one year. Currently, we are entering the correction phase, known as wave B, within a cycle that commenced in November 2022, nearly a year ago. It's anticipated that this correction phase will conclude with wave C towards the end of this year. This pattern suggests a recurring one-year lifespan for these market cycles when viewed from a macro perspective.