Bitcoin may hit bottom in October of the next year if historical cycles repeat
Research shows that the main asset of the cryptocurrency market exhibits a stable cyclical pattern. According to analysts' observations, bitcoin's dynamics follow a fairly predictable scheme that encompasses two key periods.
**How the bitcoin cycle works**
Based on historical data, two main stages of price movement are identified:
- The average duration of movement from a local minimum to a maximum is approximately 1064 days
- The return from the peak to the next bottom takes about 364 days
This regularity has been
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