BTC operates on a unique 4-year cycle, primarily driven by the halving events. These events, which occur approximately every four years, reduce the reward for mining new blocks by half, effectively decreasing the rate at which new bitcoins are created. This reduction in supply often leads to significant price movements.
#Key Phases of the 4-Year Cycle:
Accumulation Phase: After a significant drop, Bitcoin’s price stabilizes and begins to accumulate value.
Uptrend Phase: As the halving approaches, the reduced supply starts to drive the price up.
Parabolic Advance: Post-halving, Bitcoin often experiences a rapid increase in price, reaching new all-time highs.
Correction Phase: After the peak, the market corrects, and the price drops, leading to the next accumulation phase.
Latest Cycle Insights:
Last Halving: April 22, 2024.
Next Halving: Expected around April 17, 20281.
Current Phase: Bitcoin is currently in the early stages of the uptrend phase, with market analysts predicting significant price movements as we approach the next halving.
