Many people have been confused by this Bitcoin cycle. Here I offer a different perspective taking into consideration both the halving dates and US Interest Rates.
Keep in mind that interest rates tend to have a lagging effect on the market.
Observations: - Slightly lagging behind interest rates higher rates seem to suppress Bitcoin's upward movement. Cause consolidation. - When interest rate hikes paused Bitcoin immediately started climbing. - Interest rates did not start rising until after the 2nd halving. - Interest rate hikes had already paused before the 4th halving. - During times of low interest rates Bitcoin has seen large growth. - (Outside this chart) The last 2 times the FED started cutting rates we reached 0.25 in less than 1 1/2 years. - The average Bitcoin Bull Cycle lasted between 756 days and 826 days. - We are currently 665 days into this cycle.
I'll let you decide what this all means. I just thought I would share my observations.
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