Bitcoin Hasn't Broken the 4-Year Cycle Yet, Says 21Shares as BTC Dives Below $60K
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Bitcoin currently trades below $60,000, contradicting 21Shares' prediction that it would break the four-year cycle. According to historical patterns, Bitcoin typically sees a significant price drop every four years, with the last cycle resulting in a 90% decline. The current price drop may signal a similar downturn, potentially impacting investor confidence and market sentiment.
As Bitcoin falls below the $60,000 mark, 21Shares said that its prediction that BTC breaks the historical four-year cycle hasn't come true.