According to BlockBeats, on November 8, Bitcoin Magazine CEO David Bailey shared insights on social media regarding the current Bitcoin bull market cycle. Bailey expressed that this cycle is expected to be significantly extended compared to previous ones. Historically, Bitcoin experiences a price increase, often referred to as 'Number Go Up' (NgU), approximately 18 months after a halving event. However, Bailey noted that six months have already passed since the last halving, and it is now evident that the influx of capital will not peak within the next 12 months.
Bailey further elaborated that the current market dynamics suggest a prolonged bull market cycle, potentially lasting three to four years before reaching a cooling-off period. This extended duration contrasts with previous cycles, indicating a shift in the market's behavior and the factors influencing Bitcoin's price movements. The CEO's comments highlight the evolving nature of the cryptocurrency market and the potential for longer-term growth trends. As the market continues to develop, investors and analysts are closely monitoring these changes to better understand the future trajectory of Bitcoin and other cryptocurrencies.
