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A new BTC price model suggests that Bitcoin (CRYPTO: BTC) is on the verge of offering a “mid-cycle lull” to its dedicated hodlers.
This temporary calm phase is projected to precede a significant bull run beginning near the end of 2024.
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The insights come from a tweet by the renowned crypto analyst, CryptoCon, who believes he may have deciphered the intricate patterns of Bitcoin.
Referring to his “November 28th Cycles Theory,” he underscores the accuracy of using 4-year time cycles in predicting Bitcoin’s precise behavior since its inception.
These cycles, he says, are centered around the date of Bitcoin’s first halving on Nov. 28, 2012.
At the upcoming Benzinga’s Future of Digital Assets conference, these cyclic predictions are expected to be a hot topic of discussion, as industry experts will provide exclusive insights into such patterns for potential investment strategies.
CryptoCon’s model identifies the initial bottom of Bitcoin’s price action as Oct. 8, 2010.
From this point, Bitcoin’s cycle curves peak every four years.
Intriguingly, the tops and bottoms of these cycles fluctuate within a window of approximately 21 days from the central Nov. 28 date.
Also Read: Billionaire Reveals Portfolio – Why He’s Betting On Bitcoin, MicroStrategy And Crypto Miners
Chart: CryptoCon
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The pattern indicates tops during the upswing and bottoms at the pinnacle.
Further explaining the cycle, after Bitcoin hits its bottom, an early first cycle move is observed, followed by a “mid-cycle lull.”
This phase is the longest in the cycle, where Bitcoin hovers around the median price, approximately half of the previous all-time high, until the curve’s bottom.
This trough in the curve is indicative of the commencement of the majority of the bull run.
CryptoCon emphasizes that general expectations of these 4-year cycles allow them to persist.
However, specifics like price and exact timing remain unpredictable, preserving the element of surprise.
Staying consistent with this model, Bitcoin has likely reached its early top and is now stepping into the mid-cycle lull.
Historically, these lulls have manifested in June, following the bottom.
Drawing from past patterns, CryptoCon predicts a bull run launching on Nov. 28, 2024, with the subsequent top and bottom expected around November 2025 and 2026, respectively.
The following mid-cycle lull is anticipated for June 2027.
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“The Best Report Benzinga Has Ever Produced”
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