On March 28, Into The Cryptoverse CEO Benjamin Cowen postulated whether the current Bitcoin market cycle is normal or a “left-translated” one, where the peak occurs earlier than usual.
Bitcoin has already notched up a new all-time high and it is still three weeks to go until the halving.
This has introduced the possibility of this cycle peak coming much earlier than previous ones, which happened in the year following the halving event.
Fed Rate Cut Influence
If Bitcoin markets pull back after any Federal Reserve rate cuts, it could put it back on track with prior cycles, potentially peaking in 2025. However, if there is no significant correction or consolidation period, it could suggest a left-translated peak.
I think the answer to whether this #BTC market cycle is a normal one or left-translated will depend on how the market reacts to rate cuts in a few months.
Thread
— Benjamin Cowen (@intocryptoverse) March 28, 2024
The Fed kept rates the same at 5.5% during its last meeting
We współpracy z: https://cryptopotato.com/fed-rate-cuts-hold-the-key-to-decoding-bitcoins-cyclical-behavior-analyst-suggests/
