Bitcoin’s historic bull cycle remains intact, despite current correction fears, considered a temporary “shakeout” before the next upswing, say crypto market analysts. The price of Bitcoin (BTC) is down 22% from its all-time high of over $109,000 on Jan. 20, during US President Donald Trump’s inauguration. Despite investor sentiment hitting “Extreme Fear,” historic patterns suggest this could be a price shakeout, followed by recovery. Key technical indicators have turned bearish, sparking speculation on the bull cycle’s premature end, Bitfinex analysts revealed. However, they emphasized the 4-year cycle’s significance in shaping price movements, hinting at a potential shakeout rather than a prolonged bear market. The launch of US spot Bitcoin exchange-traded funds, with holdings surpassing $125 billion, and increasing institutional crypto investments challenge the conventional cycle’s existence. Bitcoin closed above $84,000 on March 15, first since March 8, according to TradingView data. Its correlation with traditional markets may see a bottom alongside equity markets like the S&P 500, according to Bitfinex analysts. They highlighted the $72,000-$73,000 support range and noted global treasury yields and equity trends would drive Bitcoin’s next significant move. Nexo analysts stressed the importance of the four-year cycle and Bitcoin halving for price action, despite institutional adoption. Bitcoin’s 2024 halving reduced block rewards, with a 31% price surge since the last halving, reflecting bullish sentiment and institutional interest.