Bitcoin's price action has been very choppy of late, and it's time to consider whether traders can depend on the tried-and-tested template anymore. To be specific – the Bitcoin halvening cycle. Quant me in Bitcoin's halvening cycles are key for investors to predict the long-term movements of the king coin. However, more and more analysts […]
Bitcoin's price action has been very choppy of late, and it's time to consider whether traders can depend on the tried-and-tested template anymore. To be specific – the Bitcoin halvening cycle. Quant me in Bitcoin's halvening cycles are key for investors to predict the long-term movements of the king coin. However, more and more analysts are coming to feel that the cycle is evolving – or changing entirely. Crypto Quant analyst Big Papi wrote that they felt traders were gaining technical experience and that both TRADFI actors and whales were relying less on their emotions while making investment decisions. The analyst noted, " I think traditional halvening cycles are weakening. 2021 rising support is a reflection of the cycle's growing trust, adoption and maturity." They went on to add, "Reduced volatility was a theme of this cycle. Drawdowns and rises are weaker overall." It's not you,…