The narrative of Bitcoin (BTC) cycles will continue to recur as long as halving has an impact on the BTC price, miner activity and investor psychology. In the author’s view of BTC cycles, a well-known analyst has published an up-to-date version of a spiral chart that perfectly shows the recurring phases of 4-year cycles.

Bitcoin cycles involve both the BTC price and on-chain data of short-term investors and their psychology. The repeating fractals once again falsify the expectations of crypto newbies that “this time is different.”

3 Phases of Each Bitcoin Cycle

Well-known analyst @theratinalroot tweeted an updated version of his spiral chart of Bitcoin yesterday. He briefly described the rather complex fractal structure:

“The 4-year cycle is on point! Each cycle consists of 3 phases.”

The idea behind this innovative graphical representation of the historical price of BTC is the Bitcoin cycles hypothesis. This narrative is well known in the cryptocurrency market and is based on a halving event that occurs approximately once every 4 years.

However, according to the analyst, each of Bitcoin’s three historical cycles to date has played out within 3 recurring phases. Interestingly, @theratinalroot doesn’t take into account the first genesis cycle, because, Go to Source to See Full Article
Author: Jakub Dziadkowiec

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details