Bitcoin's Price Hasn't Peaked Yet and It's Just a 'Mid-Cycle' Correction, Historical Data Shows

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Source: CryptoNewsNet Original Title: Bitcoin’s price hasn’t peaked yet and its just a ‘mid-cycle’ correction, historical data shows Original Link: A new debate has been raging between bitcoin bulls and bears: Has the bitcoin price peaked for this cycle?

The debate follows bitcoin’s sharp drop from its all-time high of $126,000 in early October to around $90,000. This pullback aligns with the cryptocurrency’s historical pattern of topping out roughly 18 months after each mining reward halving, as seen in November 2021 and December 2017, with the latest halving in April 2024. Halving is a programmed cut in the pace of BTC’s supply expansion by 50% every four years.

Bears, emboldened by this timeline, predict that the price has already topped for this cycle and there is no more fuel left for another rally. They expect a year-long bear market similar to those following the 2021 and 2017 peaks.

BTC4,58%
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NoStopLossNutvip
· 4h ago
Historical data is back again. Every time, it's about mid-term adjustments, but the face-slapping hurts even more when it turns out to be true, brother.
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RektRecordervip
· 01-12 17:56
Historical data? Uh... every time, they say this data doesn't match the last time.
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DEXRobinHoodvip
· 01-12 17:55
Mid-term correction? Nice words, but I see it as just the market manipulators accumulating. No matter how beautiful the historical data is, it can't withstand the current trend...
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LayerZeroHerovip
· 01-12 17:47
Historical data is back again. Do you really believe in this? Mid-cycle correction? It seems more like a way to comfort oneself psychologically.
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ILCollectorvip
· 01-12 17:38
Listen, listen, listen. The idea of historical data is always discussed in every bull market, but what’s the result... I’ll say it again, it’s never too late to boast after the top is truly in.
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