The cycle repeats: Sometime Bitcoin will outgrow its four-year value cycles. Till then, it is “deja vu yet again.” Within the bitcoin bear market of 2014-2015, the value gravitated to round $350 till lastly capitulating to $200 and staying there for months. Within the bitcoin bear market of 2018-2019, the value gravitated to round $6,000 till lastly capitulating to $3,200 and staying there for months. And within the bitcoin bear market of 2022-2023, the value gravitated to round $28,000 till lastly capitulating to $16,000 and staying there for months. In every of those circumstances, the value adopted the same sample of a peak, a multi-month collection of cheaper price highs and a last capitulation of over 40% that lasted for a number of months, staying true to the previous developments.
