Bitcoin (BTC) Nears the End of the Second Year of Its 4-Year Cycle, Entering the Historically Explosive Year of the Cycle

Crypto expert Loukas's post explains that the Bitcoin market is nearing the end of the second year of its 4-year cycle. The previous year, the market recorded a price change of 155.4%.

Cryptocurrency trading expert Bob Loukas recently shared his analysis of Bitcoin's four-year cycle on X, highlighting the potential for explosive growth in the coming year. Here's a summary of his insights:

Bitcoin's Four-Year Cycle Nearing Completion

According to Loukas's analysis, the Bitcoin market is currently in the second year of its four-year cycle, with the third year typically characterized by exceptional growth. This year's market performance, showing a 47.7% change as of October 3rd, sets the stage for anticipation in the coming years.

Highlighting Historical Trends

The expert points out that the third year of the previous cycle saw a 59.6% price change, while 2017 and 2013 experienced remarkable growth of 1,369% and 5,435%, respectively. These cycles have shown at least three complete cycles since 2011, with the latest being the fourth.

Crucially, the third year of the first and second cycles stood out with the highest performance in terms of price change. In the third cycle, however, the second year (304.1%) and the first year (90.9%) outperformed the third year.

This deviation in the previous cycle, as noted by the expert, could be attributed to the occurrence of that cycle during the COVID-19 crisis, which brought exceptional circumstances to the market.

Bitcoin Market Sentiment: 8-Month Base Building

Loukas also draws attention to the eight-month base that the Bitcoin market has been building, which could serve as a support for its future upward movement.

The one-month chart of Bitcoin this year reveals the formation of four long bullish candlesticks, with the longest one emerging in February. Since March, the market has been fluctuating within a range of $71,319 to $58,938.

In the expert's view, this potential base will provide support for the market's future upward trend, setting the stage for anticipation in the coming year.

Moreover, Loukas highlights the favorable crypto market environment created by the new trend of easing interest rates, which could further contribute to the overall market performance.

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