Everyone has heard about the 4-year cycle that Bitcoin is going through, but have you ever thought of the idea that Bitcoin might be going through a bigger cycle? And could this bigger cycle reflect the way humans adopt new technologies? And is it possible we have seen something similar before with another technology like the internet? In this article, we will be diving into a new theory that suggests that Bitcoin is moving through a larger 16-year cycle which can help us predict the direction...
doesn’t repeat itself but it sure does rhyme”, and I think this applies to cycles too. Nothing is ever a 100% replication of anything that happened before, but it can give us a rough estimate of what might happen. Microsoft is following a similar path. It starts with 3 4-year cycles that are right-translated, followed by a 4-year cycle that is left-translated, so a prolonged bear market in an asset that has been in a strong bull market for years.Microsoft topped in the year 2000, marking a long-term top in the price at approximately $60. And it wasn't until 2015 that that level was broken again. It took 15 years from that high to completely recover and surpass that level again.