Grayscale says the four-year cycle of Bitcoin has faded! Do you believe in it or in price action? No matter how the market moves, just follow the trend. Long and short signals can appear at any time, and the direction can change.

Grayscale believes that the four-year cycle theory will be proven wrong, and the price of Bitcoin is expected to reach a new all-time high next year.
The reasons are as follows: First, unlike previous cycles, this bull market has not seen a parabolic price increase that could indicate an overbought situation, as seen in the chart (; secondly, the market structure of Bitcoin has changed, with new funds primarily flowing in through exchange-traded products ) ETP ( and crypto asset treasury ) DAT (, rather than retail investors; finally, the overall macro market environment remains favorable for Bitcoin.