The cycle repeats: Someday Bitcoin will outgrow its four-year worth cycles. Until then, it is “deja vu all over again.” In the bitcoin bear market of 2014-2015, the worth gravitated to round $350 till lastly capitulating to $200 and staying there for months. In the bitcoin bear market of 2018-2019, the worth gravitated to round $6,000 till lastly capitulating to $3,200 and staying there for months. And in the bitcoin bear market of 2022-2023, the worth gravitated to round $28,000 till lastly capitulating to $16,000 and staying there for months. In every of those instances, the worth adopted a related sample of a peak, a multi-month collection of cheaper price highs and a remaining capitulation of over 40% that lasted for a number of months, staying true to the previous developments.
