Bitcoin (CRYPTO: BTC) may be entering the final stretch of its bear market, but history suggests it could face a few more months of weakness before establishing its cycle bottom.
Four-Year Cycle Holds Firm
In a podcast on Aug. 6, crypto expert Benjamin Cowen argued Bitcoin continues to behave remarkably similarly to previous four-year cycles, despite repeated predictions that the pattern would break.
When measured from their respective cycle lows, Bitcoin topped around day 1,069 two cycles ago and day 1,059 in the following cycle. The latest cycle also peaked around the same historical window.
Previous bottoms arrived around days 1,432 and 1,436. Bitcoin is currently around day 1,354.
