Ever wondered how Bitcoin’s price behavior can be so volatile and yet, sometimes predictable? If you’re a crypto enthusiast who loves delving into theories and analyses, you’ll be thrilled by what the November 28th Cycles Theory has to offer.
Read CRYPTONEWSLAND onThe November 28th Cycles Theory uses 4-year time cycles against a specific Theory, aiming to produce an accurate prediction of Bitcoin’s behavior since its inception. The cycles are structured around the date of Bitcoin’s first halving, which took place on November 28.
According to the theory, this date serves as the pivot around which the Bitcoin price oscillates. The curves peak every 4 years, with tops and bottoms coming +/- 21 days from November 28.
The theory posits that after Bitcoin hits a bottom, an early first cycle move occurs (usually indicated in orange), followed by a mid-cycle lull. During this lull, Bitcoin hovers around the median price (which is half of the previous all-time high) until the curve bottoms out.
The bottom of the curve signals the launch of the majority of the bull run, usually indicated with a blue circle. The idea that everyone is expecting these 4-year cycles, according to the theory, allows them to continue almost like clockwork.
Despite the cycles being predictable to some extent, the exact price and timing maintain an element of surprise, keeping traders and investors on their toes.
The November 28th Cycles Theory offers a compelling framework for understanding and predicting Bitcoin’s behavior. Although theories are not guarantees, understanding this model could offer valuable insights for future investment decisions. The cycles have held true to date; could this be the key we’ve been looking for? Keep your eyes peeled for November 2024!
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