Bitcoin Drops Below $100,000 Amid 1,064-Day Cycle Speculation

Bitcoin BTC recently fell below the $100,000 support level, reaching as low as $94,700. This drop is part of an ongoing correction phase following a peak at $126,000 in October. The cryptocurrency has lost 24.66% of its value over the past five weeks.

1,064-Day Cycle and Market Outlook

Market analyst Ali Martinez highlights that Bitcoin's bull runs historically last 1,064 days.
After a cycle low of $15,500 in November 2022, Bitcoin hit a high of $126,198 exactly 1,064 days later.
This pattern suggests the possibility of an impending market winter.

Potential for Bullish Recovery

Current market conditions differ from previous cycles due to increased institutional involvement.
The introduction of Bitcoin spot ETFs and treasury holdings indicate stronger market support.
Regulatory advancements in major regions may influence Bitcoin's cycle behavior.

Presently, Bitcoin trades at $94,650, marking a 5.59% decline in one day and a 14.61% decrease over the past month, highlighting current selling pressures.

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