#BIOOnBinance

The recent shift in Bitcoin’s price dynamics has caught the attention of analysts as the cryptocurrency undergoes a change in its cycle patterns following a drop below the $100,000 mark. Bob Loukas, a crypto analyst, highlighted this shift on social media and suggested a move from a 56-day cycle to a 60-day cycle. This shift raises speculation on whether Bitcoin will bounce back or continue consolidating for the next couple of months.

Cryptocurrency markets are heavily influenced by cyclical patterns that analysts use to predict future price movements based on past performance. These cycles, characterized by repetitive highs, lows, and consolidations, are combined with technical indicators like Fibonacci extensions and Elliott Wave patterns. In Bitcoin’s case, the current bull market has followed a 56-day cycle until recently, when it transitioned to a 60-day cycle, potentially signaling significant changes ahead.