Crypto analyst Matthew Hyland expects Bitcoin to exceed $250,000 this cycle and says a later 70% bear market would need a peak of $350,000 or more, even though BTC trades near $82,000 today.<\/p>\n
The case rests on a theory that this cycle runs eight years instead of four, which would put the top in 2028 and push the real downturn years out.<\/p>\n
In a set of posts on X, Hyland pointed<\/a> to a chart first shared on June 26 showing that the 2022-2026 stretch of bearish macro conditions, meaning the broader economic backdrop for risk assets, lasted twice as long as the 2014-2016 and 2018-2020 stretches.<\/p>\n Bitcoin\u2019s cycle follows that backdrop, in the analyst\u2019s view, so it stretched by the same factor. This is not two four-year cycles stacked together, Hyland argues. It is one eight-year cycle, and the July 1 low landed in month 44, which leaves roughly 52 months to run.<\/p>\n He also pointed to Bitcoin\u2019s rise from roughly $69,000 to $125,000 as evidence that the current cycle still has room to run.<\/p>\n \u201cBTC went from 69k to 125k. It is very likely it will exceed 250k+ which will further prove the 8-year timing,\u201d the market watcher wrote.<\/p>\n Furthermore, Bitcoin dominance, meaning BTC\u2019s share of the total crypto market, is elevated while altcoin dominance sits near a floor, the analyst noted. According to him, a typical mid-cycle correction and an ETH-BTC ratio that is not elevated fit the same pattern from 2016 and 2020, showing that the asset\u2019s cycle timing has also doubled.<\/p>\n \u201cGiven the amount of support between 100k-125k going to $350k+ will be required to unlock a 70%+ bear market for Bitcoin,\u201d he concluded.<\/p>\n Market data at the time of writing showed BTC up about 1.5% in the last 24 hours but down 4.5% across two weeks. Its 30-day gain is 8%, against a 26% drop from a year ago, and the OG crypto is sitting 35% below its record of over $126,000. Meanwhile, Bitcoin dominance is above 57% and ETH holds 10.5%.<\/p>\n As CryptoPotato<\/em> reported earlier, BTC fell to a monthly low of $80,200 on Thursday after a rejection at $84,000, and total crypto market value dropped<\/a> by more than $100 billion at one point. September inflation data that came in slightly above expectations weighed<\/a> on prices, as did a slide in Asian stocks that left South Korea\u2019s KOSPI down more than 18% in five days.<\/p>\n The post This Bitcoin Cycle Theory Puts $350K in Focus Before the Next Crash<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto analyst Matthew Hyland expects Bitcoin to exceed $250,000 this cycle and says a later 70% bear market would need a peak of $350,000 or more, even though BTC trades near $82,000 today. The case rests on a theory that this cycle runs eight years instead of four, which would put the top in 2028 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-240254","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/240254"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=240254"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/240254\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=240254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=240254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=240254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Where Bitcoin Trades Now<\/h2>\n