For several weeks now, Bitcoin has been trading in the range of $94,000 - $104,000.
Foundation Devices CEO Zak Herbert says the largest cryptocurrency traditionally goes through the same cycles approximately every four years, depending on the halving. Therefore, further decline should be expected, reports ITC.
"I've been in Bitcoin since 2013. All bull markets follow a similar script: halving, then a pause, then growth, a sharp rise, a crash, and several years of stability before the cycle repeats again," he explained.
Some Bitcoin owners believe that the cryptocurrency can enter a "supercycle
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