Is Bitcoin’s Historic Cycle Coming to an End? A Critical Warning from Alphractal for the Next 20 Days
Photo: Bitcoin Sistemi
Cryptocurrency analysis platform Alphractal has stated that Bitcoin (BTC) may be about to break one of the most stable historical patterns observed in past bear markets. According to the company's data, while Bitcoin reached its bottom in approximately one year during previous major downturns, a different picture may be emerging in the current cycle. Alphractal compared the time it took for Bitcoin to reach its peak and trough in past bear markets. According to their analysis, it took 406 days in the 2013-2015 cycle, 363 days in the 2017-2018 cycle, and 376 days in the 2021-2022 cycle.
Source: Bitcoin Sistemi
