Why do many people say the crypto market has a “four-year cycle”?
This is how I understand it: A “cycle” is a summary of past market movements, not a rule written into the protocol. With limited data and constantly changing conditions, past patterns don’t necessarily repeat in the future.
In the stock market, a drop of more than 20% from a peak is often considered the start of a bear market. The crypto market has no universally accepted definition.
Many people use the price movements of $BTC to describe the phase the entire crypto market is in.
This is how I understand it: A “cycle” is a summary of past market movements, not a rule written into the protocol. With limited data and constantly changing conditions, past patterns don’t necessarily repeat in the future.
In the stock market, a drop of more than 20% from a peak is often considered the start of a bear market. The crypto market has no universally accepted definition.
Many people use the price movements of $BTC to describe the phase the entire crypto market is in.