Although the four -year Bitcoin course may not be operated exactly as it was in the past, this does not mean that the concept has died completely, according to CEO of encryption.
“I think when it comes to a four -year cycle, the truth is that it is very likely to continue to see a form of the course,” said the head of the APAC region in the APAC region, Saad Ahmed, told CointeleGraph during an interview in Tokeen2049 in Singapore.
Ahmed said: “It finally stems from people who become very excited and outperform themselves, then see somewhat, then correct a kind of balance.”
However, Ahmed said that the increasing institutional participation in the encryption industry can help the market absorb some fluctuations. Ahmed said: “You will see a kind of fluctuations, some kind of science, but you still see a kind of cycle, because in the end, you are driven, as you know, with human emotion.”
The debate about whether a four -year course is related to bitcoin continues in the encryption industry recently.
On August 21, Crypto Analytics Company Glassnode said that the last procedure of Bitcoin may still track the historic half cycle for four years.
October may determine the peak of the Bitcoin cycle if the patterns are repeated
However, the deadline of the Bitcoin session may decrease this month if the previous patterns continue, according to the Crypto Rekt Capital analyst.
In July, he said that if the course reflects in 2020, it is possible that the market will reach its peak in October, or about 550 days of April 2024.
“We have a very small slice of time and expansion of the left prices,” said Rekt.
Related to: Bitcoin chases the highest new levels as the maximum Crypto 4.21T market crosses
Bitcoin (BTC) increased by 11.5 % during the past week, as it rose to 123,850 dollars, lower than a level of $ 12,4100 ever on August 14, According to To Coinmarketcap.
Matt Hogan of Bitwise recently said that he is not expected to follow the price of Bitcoin as it was in the past.
“I bet that 2026 is a year above,” Hogan He said On July 26. “I think we are widely that we are in the few good years,” Hagan Add.
October 1 was marked by the beginning of the fourth quarter, the most powerful quarter of Bitcoin since 2013, with an average return of 79.39 %, According to To Coinglass.
magazine: Hong Kong is not the vulnerability of Chinese encryption companies
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