Bitcoin lifespan cycles

26 sept 2023

As observed in the weekly chart, Bitcoin appears to exhibit cyclical patterns, with each cycle lasting approximately one year. In 2020, we witnessed a year-long bullish phase, followed by a 3-month bearish period, succeeded by another 5-month bullish run. Subsequently, a new bearish cycle began, lasting for approximately one year. Currently, we are entering the correction phase, known as wave B, within a cycle that commenced in November 2022, nearly a year ago. It's anticipated that this correction phase will conclude with wave C towards the end of this year. This pattern suggests a recurring one-year lifespan for these market cycles when viewed from a macro perspective.