Will Bitcoin stick to this plan? Or is its cycle changing?
The Bitcoin halving is 24 days away - a key event and catalyst for BTC in past cycles, which has tended to send it to new all-time highs.
Historically, halving events cut the new supply of Bitcoin in half, leading to significant price appreciation and new all-time highs as demand continues or grows while new supply tightens.
Of course, we've reached some all-time highs, which has caused excitement and jitters in the market. If we reach these heights so early, will we also peak early?
Some people say yes.
Bob Loukas, an experienced Bitcoin trader and one of the earliest proponents of Bitcoin’s 4-year cycle theory, believes that the current cycle is progressing faster than usual. His theory is that Bitcoin is in its final 4-year cycle, part of a broader 16-year pattern that new technologies follow.
This pattern is called a "left-shifting cycle", where the top of the cycle occurs before the midpoint mark and will usher in a long-term bear market. Debate over this theory has taken up a lot of space on Twitter over the past few months.
With the halving right around the corner, let’s take a look back at Bitcoin’s cyclical behavior to see what’s different and what’s the same this cycle
