Has Bitcoin Entered Its Next Bull Market Cycle? This Analyst Thinks It Might Have

cryptonews.com:

Bitcoin may be at the start of a bull market that could last another nearly 1000 days, according to chart analysis from the pseudonymous crypto-focused Twitter account @CryptoHornHairs. According to a chart shared by CryptoHornHairs on the 11th of January, Bitcoin is at the beginning of a near four-year market cycle that it has followed closely since 2015.

According to CryptoHornHair’s analysis, the first 1064 days of each cycle involves a massive rally from the previous bear market trough. Once the market has peaked, it then enters a 364-day bear market. This pattern was followed exactly in the last two cycles. That implies that Bitcoin should rally over the coming years and peak in 994 days (1001 days at the time of CryptoHornHair’s post), before entering a 364-day bear market.

This is exactly the kind of news the longer-term Bitcoin bulls want to hear, with prices having pushed back above and held to the north of the $20,000 level in recent days as some declare the 2022 bear market over. Some analysts think that with US price pressures (CPI, PPI and wage growth) easing faster than expected and indicators of US growth slowing faster than expected, the Fed (despite its insistence to the contrary) may be forced to cut interest rates before long, a belief that is propping up the market at present.

It is worth noting that, even if Bitcoin does end up following its historic four-year market cycle to the letter once again, the gains enjoyed during the coming bull market phase aren’t likely to match those seen in the past. In the 2015 to late 2017 bull market, Bitcoin posted a near 13,000% rally before the bear market began. Meanwhile, during the late 2018 to late 2021 bull market, Bitcoin gained a still impressive but far more