When Is The Bitcoin Top? Cycle Analyst’s Cheat Sheet Answers
Summary
A Bitcoin cycle analyst shared a "cheat sheet" based on the short-term holder cost basis, an on-chain indicator. The chart breaks down Bitcoin's price phases over 4-year cycles, using the Z-score of the STH cost basis to identify bull and bear markets. Peaks of bull markets and bottoms of bear markets have occurred close to each other. Currently, Bitcoin is in the "disbelief" phase, suggesting a while before the bull run starts, possibly peaking in 2025. Additionally, Bitcoin has recovered above $44,000 with a nearly 3% uplift in the last 24 hours.
