End of the 4-Year Cycle, Bitcoin Forming a Local Bottom, and BTCs Pump to Next Trend Target $91,000 

• Analyst confirms end of 4-year cycle for Bitcoin (BTC). 
• Bitcoin hints at a new bottom forming and possibly setting higher lows. 
• Analyst expects BTC to hit $91,400 as the next trend target.

The price of BTC climbed up to $88,500 earlier this week only to fail breaking past the $90,000 price barrier. Now, the price of the pioneer crypto asset sits at $83,000 having fallen from the $86,000 to $85,000 price range it stood yesterday. As analysts debate what is next for BTC, the most noted theory is the possible end of the 4-year cycle and Bitcoin possibly forming another higher low. 

Historically, the crypto cycle has been strictly following a promising blueprint known as the 4-year bull cycle. This 4-year window was how the Bitcoin bull cycle would take place with a year of bear market then the Bitcoin Halving event which would trigger a glorious bull season and ending with an explosive altseason. Seeing as to how this cycle is deviating from the original norm, analysts are concluding that the end of the 4-year cycle may be upon us. 

 As we can see from the post above, one reputed analyst draws attention to this matter, he says that the 4-year cycle looks to be dead and highlights how this cycle is different from the rest in the chart shared in the post. He concludes that this deviation from the norm could start a new paradigm and this is likely why this season has yet to see a bullish altseason. 

Meanwhile, another reputed analyst is looking at the BTC price chart. With a shift in paradigm it is uncertain what factors could determine Bitcoin’s next pump or dump action. So far, Bitcoin has already set a string of new ATHs before falling significantly. While some analysts expect another greater dump in Bitcoin price, others are anticipating a local bottom that has already been printed or is yet to be printed. 

In particular, one analyst expects the price of BTC to hit $50,000 to $60,000 in the coming weeks before moving to new ATH prices after May or June. However, in the eyes of other analysts, Bitcoin has already printed a local bottom and is now starting to print higher lows. Although, according to the post above, a new local bottom is in play for Bitcoin (BTC). 

Lastly, another reputed analyst says that Bitcoin has formed a bullish pennant on the 4-hour chart and will eventually break to the upside if the pattern continues to completion. If this breakout plays as the analyst expects, then the price of Bitcoin (BTC) will hit its next trend target at $91,400 and surpass the $91,000 barries soon.

Tags:Bitcoin BTC Bull Cycle Bullish Crypto market cryptocurrency