The “November 28th Cycles Theory” predicts that Bitcoin (BTC) will experience a “mid cycle lull” before a bull run in late 2024, which could potentially reach its all-time high in 2025, according to popular analyst CryptoCon. To test hodlers, the best crypto on Twitter, block crypto, best Twitter crypto, avalanche crypto latest, AMP crypto latest and AI AI dElaS Alas latest have been suggested.
Countdown to BTC price “bull run launch”
CryptoCon’s debate over the Bitcoin four-year price cycle may be simpler than many imagine when it comes to how BTC/USD behaves at a given time.
The “November 28th” chart on X (formerly Twitter) was unveiled, and it delineated the date as a key pivot point in the year, along with a three-week period on either side.
“Using 4-year time cycles against my Theory, produces Bitcoins exact behavior in time since its inception. Cycles are centered around the date of the first halving Nov 28th,” CryptoCon stated.
November 28 is the date Bitcoin sees a “bull run launch” every four years, the last being in 2020 when BTC/USD broke beyond its prior all-time high (ATH) to hit its current $69,000 record a year later. The next point of interest is thus November 2024, and until then, BTC price action will spend its time in a “mid cycle lull.”
“After Bitcoin bottoms, price makes an early first cycle move (orange) and enters into a mid-cycle lull,” CryptoCon continued, adding that Bitcoin had “almost certainly” seen its early top, referencing the $31,800 local highs from July.
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A Bitcoin “bull market fakeout”
As Cointelegraph reported, opinions on where BTC price action will go into the 2024 block subsidy halving differ. Some argue that modest gains will be all that hodlers will see before the event, scheduled for April next year.
In an interview with Cointelegraph this week, Filbfilb, co-founder of trading suite DecenTrader, delivered a $46,000 target for the halving, with $35,000 slated for year-end.
In his latest newsletter published on Sept. 5, CryptoCon summarized 2023 BTC price behavior as a “bull market fakeout” with the trigger of many signals. However, price fails to continue at some point.
At the time of writing on Sept. 8, BTC/USD traded at $26,200 according to data from Cointelegraph Markets Pro and TradingView.
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