21Shares has walked back its prediction that Bitcoin’s (CRYPTO: BTC) four-year cycle had broken, now projecting a year-end recovery to $100,000 instead.
Why The Cycle Call Got Reversed
Bitcoin topped near $126,000 last October, then dropped roughly 50%, a milder collapse than the 80%+ crashes seen in prior cycles.
Price has not broken below the $54,000 aggregate cost basis, the line that historically marked full capitulation in past downturns.
Meanwhile, wallet counts keep climbing and ETF ownership keeps shifting toward institutions. 21Shares points to that combination as evidence of a maturing market rather than proof the cycle pattern disappeared.
