One of the most popular topics of debate within the crypto community revolves around the Bitcoin (BTC) four-year halving cycle and the effect it has on the long-term price of the top cryptocurrency.
Bitcoin price failed to hit the long-predicted $100,000 level in 2021 and many crypto analysts now find themselves wondering about the outlook for the next six to 12 months.
Currently, BTC price trades below $40,000 and various technical analysis metrics suggest that further downside is more likely that a recovery to the $40,000 to $45,000 range. Let’s take a look at what analysts’ views are on Bitcoin’s longer-term prospects.
Bitcoin could bottom in November or December
A general overview of the four-year cycle theory was discussed in a Twitter thread by crypto analyst and pseudonymous Twitter user “Wolves of Crypto,” whose analysis indicates that “the most probable bear market bottom for Bitcoin will take place in November/December 2022.”
