Debate over recurring patterns in Bitcoin movements remains a hot topic in the crypto community. Prominent KOL Murphy recently shared his views on X regarding the four-year cycle concept, although he acknowledged that this theory has not yet been definitively proven and continues to be a subject of discussion.
Murphy stated that although this four-year period is difficult to confirm with definitive evidence, the framework remains useful for understanding Bitcoin market patterns. He emphasized that analyzing investor behavior and community sentiment is a key factor, not just focusing on historical numbers.
This perspective highlights differing views within the crypto ecosystem regarding the relevance of these cycles. Some traders use this concept as a technical analysis tool, while others are skeptical of its validity. Murphy himself leaves room for both perspectives, emphasizing that market psychology and collective investor actions play a significant role in Bitcoin price fluctuations, going beyond mere repetitive mechanical patterns.
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Does the Four-Year Bitcoin Cycle Really Affect Prices?
Debate over recurring patterns in Bitcoin movements remains a hot topic in the crypto community. Prominent KOL Murphy recently shared his views on X regarding the four-year cycle concept, although he acknowledged that this theory has not yet been definitively proven and continues to be a subject of discussion.
Murphy stated that although this four-year period is difficult to confirm with definitive evidence, the framework remains useful for understanding Bitcoin market patterns. He emphasized that analyzing investor behavior and community sentiment is a key factor, not just focusing on historical numbers.
This perspective highlights differing views within the crypto ecosystem regarding the relevance of these cycles. Some traders use this concept as a technical analysis tool, while others are skeptical of its validity. Murphy himself leaves room for both perspectives, emphasizing that market psychology and collective investor actions play a significant role in Bitcoin price fluctuations, going beyond mere repetitive mechanical patterns.