Home  >  Article  >  Historical trends suggest Bitcoin bull cycle may continue until 2025

Historical trends suggest Bitcoin bull cycle may continue until 2025

PHPz
PHPzforward
2024-02-20 15:10:031275browse

According to Bitcoin’s historical chart patterns and trends, it can be observed that Bitcoin price fluctuations show a four-year cycle, including bull and bear market cycles. Past data shows that there are typically three years of bullish moves followed by one year of bearish corrections. In the most recent bear market, Bitcoin prices plummeted from $68,800 in November 2021 to $16,400 in December 2022. This cyclical price fluctuation is one of the important characteristics of the Bitcoin market, and it also provides investors with a certain reference basis. Although past performance cannot fully predict future trends, for long-term holders, understanding this cyclicality can help them better plan their investment strategies. In this market environment, investors need to remain cautious,

Historical trends suggest Bitcoin bull cycle may continue until 2025

Bitcoin bull market will last two years

Popular analyst Ali Martinez shares A Bitcoin price cycle chart showing BTC price trends from 2014 to 2025. He pointed out that Bitcoin operates according to a four-year cycle design, which is mainly affected by the Bitcoin halving event that occurs every four years.

Bitcoin halvings typically trigger price increases, with their four-year cycle consisting of three years of bullish moves and one year of corrections. Bitcoin’s price patterns have been so similar historically.

Martinez predicts that Bitcoin will enter a bullish phase starting in January 2023 and may continue to be bullish until December 2025. Despite some lawsuits, regulatory challenges, and intense scrutiny, Bitcoin prices rose 170% in 2023.

According to statistics from NiceHash, the next Bitcoin halving is expected to occur on April 20, 2024, when Bitcoin’s block reward will be reduced from 6.25 BTC to 3.125 BTC. In preparation for this upcoming halving event, Bitcoin prices have begun to gradually rise over the past two months.

BTC prices have been trading sideways over the past 24 hours, with the current price at $42,916. The 24-hour low and high prices were $42,216 and $43,202 respectively. Additionally, trading volumes fell by 7% in the past 24 hours, indicating reduced interest from traders.

The U.S. SEC’s approval of a spot Bitcoin ETF and the positive sentiment brought about by the Federal Reserve’s interest rate cuts are also factors affecting the rise in Bitcoin prices.

Pantera Capital’s Dan Morehead: Bitcoin bull run will last until November 2025

It has just been revealed that Bitcoin’s bull run will last at least two years from now. Below you can find more details on the matter, according to Dan Morehead of Pantera Capital.

Bitcoin bull market will continue until November 2025

Pantera Capital’s Dan Morehead, who manages $4.2 billion worth of assets, said in a recent open letter to investors that Bitcoin (BTC) is currently We are in a bull market.

He said that Bitcoin’s market cycles are almost “alien” in terms of similarities because of its predictable and transparent supply and distribution model established by its pseudonymous creator Satoshi Nakamoto.

Bitcoin’s halving rule, in which miners’ rewards are cut in half approximately every four years, creates a distinct cyclical pattern.

Accordingly, Morehead predicts that the current bull market will last until around November 1, 2025, which is less than two years from now.

"The chart below shows these cycles. The rhythm is surprisingly stable. This rally comes within 23 days of the average bull market of 1,076 days (2.95 years). The downside is equally tight - the bears are within 23 days of the 382-day moving average (2.95 years) 1.05 years) ends in 24 days.

**If** past performance is any guide to the future, the rally will continue until November 1, 2025."

The above is the detailed content of Historical trends suggest Bitcoin bull cycle may continue until 2025. For more information, please follow other related articles on the PHP Chinese website!

Statement:
This article is reproduced at:jb51.net. If there is any infringement, please contact admin@php.cn delete
Previous article:What exactly is fil coin?Next article:What exactly is fil coin?