Crypto traders and analysts have always looked to the halvings for some kind of clues in order to predict the future price of bitcoin. A number of traders also think that BTC price movements shift every four years and speculators often use the halvings as milestone markers. On March 28, crypto Youtube host and digital currency analyst Benjamin Cowen explained bitcoin’s price doesn’t move in four-year cycles and stressed that the asset is still following the lengthy market phase of accumulation.
Also read: ‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu
The Problem With 4-Year Interval Price Theories
On Saturday, Into the Cryptoverse host, Benjamin Cowen discussed the crypto asset BTC’s long term chart. Cowen says there’s a number of people who still believe that the price of BTC follows a four-year cycle in between each bull run. Additionally, there are speculators who use the halvings as markers as well and there’s a number of crypto supporters who believe BTC’s price will spike either just before, or immediately after the bitcoin halving.
“If you are still under the four-year cycle theory we’re waiting for you to potentially change your mind at some point,” Cowen said. “Most of the evidence suggests — It’s not a four-year cycle and I don’t think there is anything that suggests it is,” Cowen added.
The Into the Cryptoverse analysts stressed that four years ago, the price was far more bullish than it is today. Cowen believes it’s going to be “a lot longer” for the next bull run to come to fruition. “The reason we talk about this, is because lengthening cycles are the name of the game,” the
