Ark Invest: According to cyclical patterns, the current BTC bull market is already in its later stage
Jinse Finance reported that Ark Invest stated in its recently released Q3 Bitcoin Quarterly Report that in the past two halving cycles, Bitcoin reached its peak approximately 530 days (about 18 months) after the halving day. The peaks in the previous two cycles occurred in December 2017, with a price of $19,587, and in November 2021, with a price of $67,589. April 20, 2024, was the most recent Bitcoin halving day, which is now nearly 18 months ago. This suggests that, at least from a cyclical perspective, the current BTC bull market cycle is already in its later stage.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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