Is the rise in Bitcoin (BTC) since January a bear rally? Or are they the first signals of the 2023 bull? question continues to be the number one agenda of investors.
While the harsh bear market in 2022 prevented many investors from throwing off their bearskin, many on-chain and technical indicators in Bitcoin indicate that the bear market is over.
In addition to these signs, the banking crisis in the USA and the expectations that the FED will slow down the rate of interest increase strengthen the bullish signal.
Again, when we look at the four-year cycles in Bitcoin, it is seen that it is possible to experience an intermediate period of rise before halving.
Popular analyst Rekt Capital also compared the current situation with previous cycles of Bitcoin in his latest post.
Noting that the four-year cycle in Bitcoin consists of 4 candles, the analyst said that these candles consist of the end of the Bull Market year, the Bear Market year, the Bottom Exit year, and the Confirmed Bull Market year.
According to these candles, Rekt Capital, which thinks that the worst is over in Bitcoin, argued that the best times will come for BTC.
“Every four-year cycle of Bitcoin consists of the following phases:
1-End of the bull market year (1st candle)
2-Year of the Bear Market (Candle 2)
3-Year of Bottom Out (Candle 3)
4-Confirmed Bull Market year (Candle 4)
According to this table, the worst in Bitcoin is long past. The best for BTC is still ahead and to come.”
According to the share of Rekt Capital, Bitcoin is currently in its bottom year and is preparing for the bull market.
Every #BTC Four Year Cycle consists of a:
• End of Bull Market year (Candle 1)
• Bear Market year (Candle 2)
• Bottoming Out year (Candle 3)
• Confirmed Bull Market year (Candle 4)
The worst is behind us already
— Rekt Capital (@rektcapital) April 10, 2023
*Not investment advice.