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Bitcoin's market cycles, typically lasting four years, have shown a consistent pattern of bullish trends followed by corrective bearish phases. The recent downturn, witnessing substantial drop from $68.8k in November 2021 to a low of $16.4k in December 2022, echoes this historical cycle. Ali Martinez’s comprehensive chart analysis spanning 2014 to 2025 underscores the significance of these cycles, driven primarily by events occurring roughly every four years, historically resulting in notable surges in BTC’s valuation. Martinez’s projections suggest an optimistic trajectory for Bitcoin, envisioning a bullish phase persisting from January 2023 to December 2025. This positive trend defied odds amid legal battles and regulatory hurdles, showcasing Bitcoin’s resilience with an impressive 170% surge in value throughout 2023. Anticipation looms around the next halving event, around April 20, 2024, projected to decrease block rewards from 6.25 BTC to 3.125 BTC. The impact of this forthcoming halving has already made noticeable ripples in Bitcoin’s recent upward price movement. Currently, Bitcoin maintains stability around the $42,916 mark, fluctuating within a 24-hour range between $42,216 and $43,202. However, the decline in trading volume by 7% signals a waning interest among traders in recent times. Amidst these market movements, various factors contribute to the ongoing surge in Bitcoin’s value, including the potential approval of a spot Bitcoin by the US SEC and favorable market sentiments stemming from rate adjustments made by the US Federal Reserve.
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