The historical bitcoin cycle is still intact, although the extensive investor of the current correction, which may only be temporary “Shakeout” before the next stage, according to Crypto market analysts.
The Bitcoin (BTC) price has currently decreased by 22 % of its highest level ever to more than $ 109,000 registered on January 20, on the day of the opening of US President Donald Trump, and clarifies Cointelegraph Markets Pro.
Despite the decrease in investor feelings to “severe fear” several times, the patterns of historical plans indicate that this may be just shaking in prices – a sudden decrease in prices due to many investors who come out of their positions, preceded by sudden recovery.
“Several major technical indicators have turned into a declining, which led to speculation that the bull cycle may end prematurely,” said BitFinex analysts of Cointelegraph.
BTC/USD, one year scheme. Source: Cointelegraph
Analysts said: “Nevertheless, the Bitcoin course for 4 years is still an important worker, which is historically prices,” the analysts said.
“The corrections within the bulls are normal, and previous trends indicate that this may be a shaking instead of the beginning of the long bear market.”
However, the launch of the exchange funds on the stock exchange in the United States (ETFS), which temporarily exceeded $ 125 billion in cumulative holdings, as well as the growing institutional encryption investments show “it is clear that the traditional session stops existence.”
Related to: Bitcoin takes a week to close a weekly over 81 thousand dollars to avoid the negative side before FOMC
On an optimistic mark to make prices, Bitcoin organized a daily closure above $ 84,000 on March 15, for the first time in more than a week since March 8, Tradingvief Data appears.
BTC/USD, one -day graph. source: Tradingvief
However, because Bitcoin is associated with traditional financial markets, you may find BTC only on the side of stock markets, especially the S&P 500, as Bitfinex analysts said, adding:
“While $ 72,000 – $ 73,000 is still a major support range, the broader market, especially global treasury revenues and stock trends, will dictate the main step next to Bitcoin.”
Analysts added: “Commercial wars have already been priced, but prolonged economic pressure can affect feelings.”
Related to: Stablecoin supplies are increasing $ 219B $ 219B
Half Bitcoin and a four -year cycle are still very important to prices: Nexo Analyst
Despite the concerns of the broken Bitcoin Bull market, a four -year course, along with the half -Bitcoin event, is still decisive to work Bitcoin, according to Iliya Kalchev, Nexo Digital Asset Investment Platform.
“The compound annual growth rate decreased for four years (CAGR) to a record decrease by 8 %, raising questions about whether its four -year traditional session is still valid,” said Cohsef to Cointelegraph, adding:
“Although strong institutional adoption over the past year was the important back wind of Bitcoin, it is still expected to have a half -term effect.”
Bitcoin has reduced half 2024 bonus bonus bitcoin to 3.125 BTC per block.
BTC/USD, a one -day graph since 2024 half. source: Tradingvief
The price of Bitcoin has increased by more than 31 % since the last half happened on April 20, 2024, which was formulated the “most difficult” preparation for the Bitcoin price, partly due to the increasing institutional interest in the first cryptocurrency in the world.
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