Bitcoin’s price has been doing some interesting things lately. After a big drop below $100,000, its cycle seems to have shifted.
From 56 Days to 60: A Cycle Change
Crypto analyst Bob Loukas noticed something: Bitcoin’s price movements, which had been following a roughly 56-day cycle, now seem to be on a 60-day one. This is based on how Bitcoin’s price has historically moved in repeating patterns (highs, lows, and periods of sideways trading). Analysts use these patterns, along with other tools like Fibonacci sequences and Elliott Waves, to try and predict future price action.
Bitcoin’s recent bull run largely mirrored previous 56-day cycles. It climbed past various price points, eventually breaking the $100,000 mark. After hitting a record high of $108,135 on December 17th, it corrected sharply, dropping as low as $92,800 just days later. This correction, according to Loukas, is what triggered the shift to a 60-day cycle.
What’s Next for Bitcoin?
This change in cycle, even if it’s just a few days, could be a big deal. Here are two possibilities for the next 60 days:
Scenario 1: Bullish Breakout
The recent drop might have been enough to “reset” the cycle. If that’s the case, we could see Bitcoin surge to new all-time highs.
Scenario 2: Sideways Trading
Alternatively, Bitcoin could just trade sideways within a narrow range for the next two months, consolidating its position.
Currently, Bitcoin is trading around $96,146. A successful transition to this new 60-day cycle, without further significant drops, could mean a recovery above $100,000 and a strong start to 2025.
