Analyst Says Bitcoin 4-Year Cycles Are Over, Here’s Why

Quick Summary:

Popular analyst Justin Bennett has explained why the Bitcoin four-year cycle might be over for the foreseeable future.

He indicated that the crypto’s projected price surge in this market cycle might not happen as planned and that Bitcoin could suffer a severe price crash soon enough.

A contraction is when a country’s economy is declining, which could be said of the US at the moment as the Federal Reserve struggles to bring inflation down to its desired target while avoiding a recession.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Crypto Analyst BTCUSDT BTC news Bitcoin price Bitcoin Btc price Btc Analyst Crypto Crypto news Bitcoin news Btcusd Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 18:30:04 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22501115

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About Bitcoinist

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Official Website: bitcoinist.com

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News Last Updated: 8 hours ago

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