Bitcoin Price Cycles: A Viral Theory Sparks Debate
A viral theory suggests that Bitcoin follows a fixed cycle of price increase and decline. According to this pattern, which has been observed since 2015, Bitcoin's price increases for 1,064 days before declining for 364 days. The theory predicts a critical pivot date on October 9, 2026, marking the start of a bearish phase.
The pattern is based on historical price data but ignores external influences like regulations and economic crises. Some see it as a mathematical pattern, while others caution that Bitcoin's volatility and market psychology make such predictions uncertain.
While some believe in this cyclical pattern, others argue that it may be just coincidence or confirmation bias. The debate highlights the complexity of predicting Bitcoin's price movements.