Bitcoin's current price action “echoes prior patterns” and still appears to be tracking its typical four-year cycle, says Glassnode. Bitcoin’s recent price action may still be tracking its historic four-year halving cycle, despite some market predictions that rising institutional interest could break the pattern, according to onchain analytics firm Glassnode.“From a cyclical perspective, Bitcoin’s price action also echoes prior patterns,” Glassnode said in a markets report on Wednesday.Glassnode said several factors suggest that the Bitcoin (BTC) cycle may be further along than the market assumes.Read more Bitcoin's current price action “echoes prior patterns” and still appears to be tracking its typical four-year cycle, says Glassnode. Bitcoin’s recent price action may still be tracking its historic four-year halving cycle, despite some market predictions that rising institutional interest could break the pattern, according to onchain analytics firm Glassnode.“From a cyclical perspective, Bitcoin’s price action also echoes prior patterns,” Glassnode said in a markets report on Wednesday.Glassnode said several factors suggest that the Bitcoin (BTC) cycle may be further along than the market assumes.Read more
Bitcoin’s 4-year cycle may not be dead after all: Glassnode
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Bitcoin's current price action “echoes prior patterns” and still appears to be tracking its typical four-year cycle, says Glassnode.
Bitcoin’s recent price action may still be tracking its historic four-year halving cycle, despite some market predictions that rising institutional interest could break the pattern, according to onchain analytics firm Glassnode.
“From a cyclical perspective, Bitcoin’s price action also echoes prior patterns,” Glassnode said in a markets report on Wednesday.
Glassnode said several factors suggest that the Bitcoin (BTC) cycle may be further along than the market assumes.
Read more
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