Crypto assets like Bitcoin and Ethereum have taken a beating since April local highs, calling into question if the once powerful bull market is over or not.
If it isn’t, a fractal discovered from the past market cycle forming this time around, could provide a roadmap for the last leg up of the current bull market. Here’s what that looks like if the trajectory continues to be followed and the fractal is accurate.
Boom & Bust: Bitcoin, Market Cycles, The Halving, And More
All markets are cyclical and cryptocurrencies are no different, albeit moving at a much faster rate. The always on aspect of crypto also has sentiment phases alternating a lot more quickly.
For example, gold took nearly a decade of accumulation before a breakout into a new bull run, while Bitcoin tends to cycle every four years coinciding with its block reward halving.
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