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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/66051"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=66051"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/66051\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=66051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=66051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=66051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}