Popular cryptocurrency trader Crypto Caesar has laid out his analysis of the current Bitcoin price cycle and where it may be heading. He sees two main possibilities:
Possibility 1: 4 Year Cycle Continues
If Bitcoin continues following its typical 4 year cycles, Caesar believes new all-time highs are unlikely until October/November 2024. During this timeframe, some altcoins could see gains, but the real parabolic altcoin market moves would not begin until Q4 2024 into 2025.
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Show more +Possibility 2: Left Translated Cycle
Alternatively, Bitcoin could break from its normal 4 year cycle pattern. If this happens, Caesar theorizes Bitcoin could print massive new all-time highs well before the next halving event. This would likely kickoff a major altcoin season much sooner than normal market cycles.
Caesar notes that current data favors Bitcoin continuing to follow the 4 year cycle timing. However, price action over the next 3 months will provide more certainty on whether Bitcoin is conforming to typical cycles or breaking out into a faster market peak. For now, patience is warranted while further data unfolds.
Check Caesar’s website and blog for more in-depth analysis on Bitcoin cycles and possibilities for the broader cryptocurrency market. His insights incorporate detailed data-driven models on potential scenarios.
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