In a recent interview with Cointelegraph, onchain analyst James Check argues that Bitcoin's market behavior is no longer dictated by the traditional four-year cycle linked to halving events. This established framework, which implies periodic bull trends followed by crashes and recoveries, may be outdated in the context of today's macroeconomic and institutional influences. Check emphasizes that Bitcoin's future is shaped more by broader economic conditions and investor psychology than by fixed cycles, suggesting a nuanced understanding of market dynamics. He indicates that the current uncertainty in labeling the market as 'bull' or 'bear' emerges from this complexity. As a critical confidence zone, he highlights the $70K–$75K price range, urging investors to think in terms of scenarios rather than fixed predictions for long-term success.

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