Bitcoin’s current price action “echoes prior patterns” and still appears to be tracking its typical four-year cycle, Glassnode said.
Bitcoin’s recent price action may still be tracking its historic four-year halving cycle, despite some market predictions that increasing institutional interest will break the pattern, according to onchain analytics firm Glassnode.
“From a cyclical perspective, Bitcoin’s price action also echoes prior patterns,” Glassnode said in a markets report on Wednesday.
Glassnode said several factors suggest that the Bitcoin (BTC) cycle may be further along than the market assumes.
