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…
