Analysts argue that Bitcoin's traditional four-year market cycles, tied to halving events, are losing relevance. Market maturity, institutional investment through ETFs, and macroeconomic factors are now seen as the dominant drivers, signaling a new, more stable phase for the leading cryptocurrency.
According to Fidelity's Jurrien Timmer, Bitcoin is in the middle of its adoption curve, comparing its growth to that of the internet. Data indicates increased corporate adoption and inflows into digital asset products, suggesting a maturing market.
A Bitcoin analyst warns that time is 'running out' for another parabolic rally, citing technical indicators and the four-year cycle. Despite short-term volatility, the long-term outlook remains strong, with potential price targets between $280,000 and $530,000 if the historical pattern repeats.
A crypto analyst warns that the Bitcoin bull run may only have a few months of price expansion left if it follows the historical pattern from 2020. Other analysts predict a cycle extension until 2026, but some argue that sticking to time-tested timelines is safer.
Bitcoin set a new record monthly close at $107,000, with analysts predicting a further 9% rally in July. The rise is supported by positive geopolitical developments and increased investor confidence.
An analyst claims Bitcoin's price is stuck due to long-term holders selling positions, despite recent institutional and corporate buying. The U.S. Dollar Index (DXY) has fallen, hitting its lowest level since April 2022.
