Bitcoin prices reached a record high in July, but have been slow since then. Ether Leeum price also recorded the highest ever in August, but the larger Altcoin market will weaken, leading to the fact that there will be no Altcoin season. Soon there is no expectation for the Altcoin season, so some have begun to ask for a cycle tower. In other words, the bear market may be on the horizon.
Bitcoin’s half trend says that the bull market is over.
Cryptocurrency investor and merchant, Phila Ne, updated more than 170,000 followers for any part of the market through the X (previous Twitter) platform, and for this purpose, Philacon looks back on the last two bull -cyt period and predicts each period of the current cycle in half of Bitcoin.
that Bitcoin half It was a way to predict when the bull and the bear market could begin, and it was quite accurate in the last few weeks and the trend was similar. One of the main things is a few days after a few days of the Bitcoin price and encryption market after half of Bitcoin is completed.
As Crypto Trader explained, it took a total of 545 days to complete the bull market after half Bitcoin in 2016 in 2017. Similarly, it took 525 days to end after half of the 2020 Bitcoin. This shows each tight time.
Currently, the encryption market has already been in the 506 -day bull market at the time of the post, and the price of bitcoin has already recorded several new highs. As a result, I think it is time to benefit because the encryption analyst is less than 30 days in this bull market. He also believes that the bull market is more than 100%.
4 years of theory is being thrown
Bitcoin’s four -year cycle theory was one of the most accurate measures at the end of the bull market. However, the current cycle has been greatly escaped from the four -year period, which is due to the change of macro headwinds. The emergence of things like SPOT BITCOIN ETF triggered the ‘early’ liquidity in the market, leaving the Altcoin market with early BTC prices.
But such an anti -ruined synthesis. Instead, it was just matching every four years. Then, due to macroscopic liquidity, the bear market was being carried out, and the tide of the assistant that the market now is now changing macroscopic liquidity instead.
DALL.E’s main image, TradingView.com chart
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