4-Year Bitcoin (BTC) Cycle

** Please note that any information shared in this public blog is NOT to be regarded as an advice or a recommendation, it is meant for EDUCATIONAL AND INFORMATION PURPOSES only and it does not constitute an investment advice, an offer or solicitation to purchase or sell the investment asset classes mentioned. **

There are 2 big events driving Bitcoin (BTC) incredible run recently – it has run from US$51,000 to over US$73,000, an impressive 43% gain in less than a month while breaking the All-Time-High (ATH) of US$69,000 on 8th March 2024.

The first event was the approval of 11 bitcoin ETFs on 10th January 2024, it has opened the floodgates for a vast ocean of global capital to pour into crypto for the first time.

The second event, the BTC 4th halving, is set to happen next month around 20th April 2024. This halving cycle occurs every 4 years and this is when the reward for mining and thus the rate at which new Bitcoin is created is cut into half. After 20th April, the mining reward will be halved from 6.25 BTC to 3.125 BTC. In other words, there’s zero hope of any meaningful increase in supply.

Looking back at BTC’s first 3 halving, we can observe that the first halving was on 28th November 2012 and BTC rallied 8,069% 1 year after its first halving. The second halving happened on 9th July 2016 and BTC rise 284% 365 days after it. The third halving took place on 11th May 2020 and after 1 year BTC had advanced 559%. Will BTC’s coming 4th halving experience the same phenomenon as the previous 3 rounds?

We are NOW in the Bullish phase of the 4-Year BTC Cycle.

First year of the 4-Year BTC Cycle is a bear market – ended in November 2022 and entered into the bullish phase for Bitcoin.

Second year is a transition phase – crypto assets were stuck in a consolidation phase for most of the 2023.

Third year starts the true bull run – this is where we are NOW and we can expect a big bull run as 2024 progresses.

Fourth year takes the bull market to the next level.

As of today (17/3/2024), we are amazed by BTC’s price performance because we have never seen it break its All-Time-High so early in the bull cycle. This signifies that an incredibly strong bull market is ahead of us and technically we are expecting BTC to challenge US$100,000 by the time this bull market is finally over, provided that there is no black swan event along the way.

** Please note that any information shared in this public blog is NOT to be regarded as an advice or a recommendation, it is meant for EDUCATIONAL AND INFORMATION PURPOSES only and it does not constitute an investment advice, an offer or solicitation to purchase or sell the investment asset classes mentioned. **