Bitcoin Despite the declines and negative outlook last year, it has done very well in 2023. BTC attracted attention by gaining up to 158% in value in the last 12 months.
However, the best period for Bitcoin is yet to come, according to crypto analyst Ali Martinez. A new chart shared by the analyst highlights BTC’s historical four-year cycle.
Each cycle is typically tied to a Bitcoin halving that will occur in April 2024. According to the analyst’s post, BTC is typically only in the first year of what “is a three-year uptrend.” This means the price could continue to rise before reaching a peak around December 2025.
This rally will usually result in a year-long downtrend as recorded in 2018 and 2022. According to the analysis, if history repeats itself, Bitcoin’s next bear market could begin in late 2025 and extend into 2026. may last.
#Bitcoin design around four-year cycles, driven by its #halving events, often mirrors its price action.
Historically, this translates to 3 years of bullish trends followed by 1 year of bearish correction. As per this cycle, $BTC is in an upward phase, potentially extending… pic.twitter.com/7B4sIpiWH8
NEWS CONTINUES BELOW— Ali (@ali_charts) December 29, 2023
While Bitcoin has historically had four-year price cycles, changing financial markets have the potential to constantly change the norms. The potential launch of a spot BTC ETF in the US could pave the way for the institutionalization of BTC.