Happy New Year with our best wishes to you and your loved ones!
Bitcoin (BTCUSD) closed the year with a feat that it has historically never done before. And that's closing a year in red (losses) within a Bull Cycle.
So far, the traditional technical pattern was that after a Bear Cycle, BTC posted at least 3 straight green years. The last, post-Halving year was always green (gains).
That held up until yesterday with a red yearly (12-month) candle after two bullish ones in 2023 and 2024. Could that be the end of the traditional 4-year Cycle Theory? Well we don't believe that quite yet. As long as the market makes a new All Time High (or at least Cycle High in the decades that will follow market maturity and mass adoption) on year 4, then the 4-year Cycle Theory should remain the dominant pattern.
Nevertheless, that was a historic first for Bitcoin and we couldn't be more excited on what the future holds! Happy New Year again everybody!
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
