There’s no denying that Bitcoin and other assets exhibit cyclical nature. In fact, cycles are built directly into the cryptocurrency’s code, revolving around the asset’s block reward halving taking place roughly every four years. The quadrennial cycle causes an imbalance in supply and demand, that greatly favors price appreciation. But that is not the only way the cryptocurrency has exhibited cyclical tendencies, and it has one Bitcoin analyst expecting a “deep correction” on the basis […]
