Derived from CryptoPotato, crypto analysts are increasingly questioning the validity of Bitcoin's traditional four-year price cycle. Scott Melker notes that Bitcoin is currently 1,080 days from its last major cycle low, a period historically linked to market peaks. However, the absence of a typical 'mania phase,' weak altcoin performance, and subdued investor sentiment suggest a deviation from past patterns. Melker and others, including BitMEX co-founder Arthur Hayes and PlanB, argue that the cycle may be breaking due to changing market dynamics, such as liquidity conditions and global monetary policy. Hayes and PlanB further suggest that Bitcoin's future trajectory may be less tied to halving events and more influenced by macroeconomic factors and institutional adoption.
Bitcoin's 4-Year Cycle May Be Breaking as Analysts Question Historical Patterns
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