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Proponents of Bitcoin's four-year cycle theory say the price of BTC typically rises for three of the four years and declines in the final year.) bear market can be explained by the four-year cycle and long-term BTC holders selling at the $100,000 psychological level, according to Anthony Scaramucci, managing partner of the SkyBridge investment firm.
that have cushioned volatility, Scaramucci said, but the altered market dynamics have not fully erased BTC’s traditional cycles. He said: “We're in a four-year cycle, and there were some traditional whales, some OG's, that believe in the four-year cycle, and guess what happens in life when you believe in something? You create a self-fulfilling prophecy.” BTC will continue to see choppy price action for most of the year, until the fourth quarter of 2026, when prices will start to rise again in a new bull market cycle, he said.Scaramucci said that market participants, including himself, were widely expecting BTC to climb to $150,000 in 2025, driven by US President, which dragged BTC down from an all-time high of about $126,000 to a low of $60,000, completely shattered the widely held consensus. Markets often move in opposite ways to the prevailing investor sentiment, Scaramucci said, citing Bitcoin’s price action in the early months of 2023, following the November 2022 collapse of the FTX exchange, as an example. Bitcoin bottomed out in December 2022 following the collapse of the FTX crypto exchange and started rising again in January 2023. Source:“It was at a period of great disinterest and great apathy that the bull market started again,” he said, adding that the current BTC bear market is a “garden variety” correction in line with previous downturns.Bitcoin price aims to hold $70K amid rising inflation concernsStock market investors saw the S&P 500 index extend its decline on Friday, dropping by about 1.3%. A daythe gauge closed below its 200-day moving average, a key technical indicator closely watched to assess the overall trend of equities markets, for the first time in 10 months.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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