Bitcoin Faces Potential 80% Retracement Amid Historic Cycle Warning
Bitcoin Faces Potential 80% Retracement Amid Historic Cycle Warning
A recent analysis from Utoday suggests that Bitcoin, despite its current market position, could experience a drastic 80% value loss if its historic four-year market cycle pattern repeats. This significant retracement is predicted to occur before the next halving event, posing a substantial risk to investors.
Bitcoin's Historic Cycle Could Trigger Major Correction
According to Utoday, the cryptocurrency market is bracing for a potential seismic shift for Bitcoin. Despite what appears to be a stable valuation around $110,000, a deep dive into Bitcoin's historic four-year cycle pattern reveals a stark warning.
If this long-standing market theory proves true once again, Bitcoin could face an unprecedented retracement of up to 80% of its value. This significant downturn is anticipated to precede the customary rebound observed after each halving event, indicating a period of extreme volatility and potential losses for Bitcoin holders.
Market analysts are closely watching these patterns, as such a correction would have profound implications across the entire crypto ecosystem, challenging the perception of Bitcoin's established position.