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bitcoin
Bitcoin (BTC) $ 93,795.13 0.17%
ethereum
Ethereum (ETH) $ 1,759.90 1.94%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.27 1.98%
bnb
BNB (BNB) $ 600.72 0.12%
solana
Solana (SOL) $ 146.12 2.02%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.175435 2.74%
cardano
Cardano (ADA) $ 0.690546 0.88%
tron
TRON (TRX) $ 0.245487 1.41%

Bye-Bye Bitcoin Bear

The cycle repeats: Someday Bitcoin will outgrow its four-year price cycles. Until then, it’s “deja vu all over again.” In the bitcoin bear market of 2014-2015, the price gravitated to around $350 until finally capitulating to $200 and staying there for months. In the bitcoin bear market of 2018-2019, the price gravitated to around $6,000 until finally capitulating to $3,200 and staying there for months. And in the bitcoin bear market of 2022-2023, the price gravitated to around $28,000 until finally capitulating to $16,000 and staying there for months. In each of these cases, the price followed a similar pattern of a peak, a multi-month series of lower price highs and a final capitulation of over 40% that lasted for several months, staying true to the past trends.

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