According to ChainCatcher, a recent analysis by Jurrien Timmer, Global Macro Director at Fidelity, suggests that Bitcoin has broken its upward trend line, potentially marking the end of another four-year cycle. Data shows that the magnitude and duration of each Bitcoin growth fluctuation are gradually decreasing, indicating that the network is maturing.
Despite Bitcoin's underperformance this year, the overall market is showing a positive trend as it heads to the end of the year with strong earnings momentum, improved investor sentiment, accommodative Federal Reserve policies, and stable bond and money markets.
