- 4-year cycle becoming obsolete would mean $126,000 was not the top.
- Analyst explains how the market can be bullish for 3 more years.
- How much higher can BTC go before 2027?
The last few days following the $20 billion market liquidation wipeout event has been more bearish than bullish. Now, most analysts are elearning more towards expecting to see the price of BTC fall below the $100,000 price range and enter 5-digit prices. However, one analyst believes that the 4-year cycle becoming obsolete would mean $126,000 was not the top and goes on to explain why.
4-Year Cycle Becoming Obsolete Would Mean $126,000 Was Not the Top
Over the past few days, the bearish opinion has been ginning more popularity. This, in particular, is becoming the popular opinion as analysts are looking at it from the 4-year bull cycle pattern. In previous cycle, the bull market would come to a close after a set number of dyas following the Bitcoin Halving event. Presently, these number of days have been hit, leading analysts to believe that the bear market has begun.
Despite it previous merit, this outlook was be based on an obsolete model. A popular theory gaining attention this bull cycle is that the 4-year bull cycle is no longer in play, and that the 4-year bull cycle is becoming obsolete. What these theorists are expecting is for the crypto market to shift into a more familiar pattern, possibly year long patterns with shorter pump and dump cycles like stocks.
Analyst Explains How Higher ATHs Could Occur Soon
If this is true, then predictions based on the 4-year bull cycle are no longer valid. Keeping this in mind, one reputed crypto analyst , known for his insightful market and price observations, believes that if the 4-year bull cycle is no longer in play, then it is unlikely tht $126,000 was teh cycle top price range for the price of the pioneer crypto asset Bitcoin (BTC), and proceeds to share his next expectations.
As we can see from the post above, the analyst says that yes, there is a 4-year halving cycle that doubles S2F-ratio, and 6 months before until 18 months after a halving was very profitablefor the last 3 cycles. But, 3 cycles is not enough for a reliable pattern, and it is absolutely not guaranteed that the top is again 18 months after the halving. Also, the S2F model says nothing about tops or bottoms, only about the average price level in a halving cycle, assuming a fundamental phase transition.
Thus, the analyst expects a cycle top price to occur anywhere between the next 3 years, and is more interested in the average price level than the top. He concludes by saying that either the big jump has yet to come, or the market has transitioned into a more stable price regime, dominated by institutions, fund mandates and rebalancing, and both scenarios are very bullish for bitcoin.
