THE Bitcoin Action Price Currently follows a model observed in previous bull races, suggesting that its 9 -month cycle may not yet be finished. According to a crypto analyst, the historical data of past bitcoin cycles show precisely where the market is in the current bull. These past trends reveal that the market can be taken in a bear trap.
What Bitcoin cycles say about the current market position
Crypto Analyst Cyclop on X (formerly Twitter) common Historical data of the past cycles of Bitcoin Bitcoin to determine the exact position of the current market. The analyst revealed that during the rally of bulls in 2011, 2013, 2017 and 2021, Bitcoin experienced a Nine -month bull market, With a bear trap phase occurring around month 5 or 6.
A Bear trap is a temporary drop in prices that misleads merchants and investors believing that the The Haussier market is finishedtriggering a massive sale and spreading fear. Unlike the normal bear market, which involves prolonged periods of decline and volatility, a bear trap recovers rapidly and continues on its old bull.
According to the Cyclope graphic, the bitcoin market has probably entered its bear trap phase, aligning with models of Previous Bull Run cycles. In 2011, Bitcoin saw a bull of nine months, with a bear trap taking place in the sixth month. The only exception to this six -month trend was in 2013 when the bear trap appeared in the fifth month instead.
If the Bitcoin market was to follow these historical data, as the analyst suggests, this would mean that cryptocurrency may have entered the 6-month trap. This trend is generally followed by stages of renewed optimism, Fear of missing (fomo), And euphoria at the top before the next market correction.
Currently, the The price of Bitcoin has decreased Clearly benefiting from the $ 100,000 threshold and is now negotiated at $ 95,767. Based on the CoinMarketCap reports, the pioneer cryptocurrency decreased by more than 11% in last month and failed to recover enough gains to push it back to the previous summits. Factors like The prices of American president Donald TrumpContinuous market volatility and feeling changes have had a serious impact on the bitcoin market and wider cryptocurrency.
The cryptographic community reacts with mixed views
While Cyclop believes that the current market may have entered a bear trap, members of the cryptographic community argue That he is still in a bull race. A member, B. Rich disclosed That rather than a bear trap, the market probably felt a shaking.
He predicts that the bear trap would come into play when the price of bitcoin will arrive or decrease around the level of $ 200,000 for various psychological reasons. He also thinks that a long -term super cycle can be in the booksSuper cycle can be in the books For BTC, with the current low -cost feeling quickly transforming into Fomo.
Felash star image, tradingView.com graphic
