Buy Crypto
Markets
Spot
Futures
Earn
Promotion
More
reward-centerNewcomer Zone
Feed HomeFlash details
Analysis: Bitcoin is still in the typical "Four-Year Cycle," with $53,000 likely to be a key support level
  • FORM0%
  • BTC0%

BlockBeats News, June 10th, Trader Bob Loukas stated that Bitcoin is still in a "very standard four-year cycle," and the current price trend is not significantly different from the previous cycle. Many people have said "this time is different," but he believes that this Bitcoin cycle still follows the typical four-year cycle framework. He pointed out that the current cycle has entered the 44th week, and the cycle's low point window usually occurs around 10% of the time around the 46th week.

Loukas mentioned that the midpoint of the past four-year cycle was around $53,000, which could become a significant support and resistance level and a potential buying opportunity near the bear market low. He also stated that the Bitcoin price may re-enter a price discovery phase in 2028.

In its latest market report on Monday, QCP Capital stated that BTC is currently within a narrow psychological range, with buying interest near $60,000, but the options market is still defensively positioned, and macro risks continue to impact market sentiment.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

Hot
  • Coins
    Price
    24H Change