Bitcoin Market Cycles Influenced by Adoption Trends, Analyst Suggests

According to Cointelegraph, Bitcoin's market cycles are not primarily driven by its halving events, as commonly believed. Analyst James Check argues that other factors, such as adoption trends and market structure, play a more significant role in shaping bull and bear cycles. Check contends that Bitcoin has undergone three distinct cycles, none of which are anchored around the halving events, which occur approximately every four years and reduce mining rewards. Check identifies the market's 2017 peak and 2022 bottom as key transition points in these cycles source: https://www.binance.com/en/square/post/28867708969409?utm_source=BinanceNewsRSS