{"id":419304,"date":"2022-03-21T11:00:00","date_gmt":"2022-03-21T08:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/no-more-4-year-cycles-5-things-to-know-in-bitcoin-this-week\/"},"modified":"2022-03-21T11:00:00","modified_gmt":"2022-03-21T08:00:00","slug":"no-more-4-year-cycles-5-things-to-know-in-bitcoin-this-week","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/no-more-4-year-cycles-5-things-to-know-in-bitcoin-this-week\/","title":{"rendered":"# &#8216;No more 4-year cycles&#8217; \u2014 5 things to know in Bitcoin this week"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26e0858903a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26e0858903a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/no-more-4-year-cycles-5-things-to-know-in-bitcoin-this-week\/#%E2%80%9D_%E2%80%98No_more_4-year_cycles_%E2%80%94_5_things_to_know_in_Bitcoin_this_week_%E2%80%9C\" >&#8221; &#8216;No more 4-year cycles&#8217; \u2014 5 things to know in Bitcoin this week &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/no-more-4-year-cycles-5-things-to-know-in-bitcoin-this-week\/#Stocks_act_like_they_no_longer_care_about_war\" >Stocks act like they no longer care about war<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/no-more-4-year-cycles-5-things-to-know-in-bitcoin-this-week\/#Which_cross_will_win_out\" >Which cross will win out?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/no-more-4-year-cycles-5-things-to-know-in-bitcoin-this-week\/#Stop_waiting_for_the_blow-off_top_says_analyst\" >Stop waiting for the blow-off top, says analyst<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/no-more-4-year-cycles-5-things-to-know-in-bitcoin-this-week\/#Tether_activity_gets_bulls_excited\" >Tether activity gets bulls excited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/no-more-4-year-cycles-5-things-to-know-in-bitcoin-this-week\/#Sentiment_exits_weeks_of_%E2%80%9Cextreme_fear%E2%80%9D\" >Sentiment exits weeks of \u201cextreme fear\u201d<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_%E2%80%98No_more_4-year_cycles_%E2%80%94_5_things_to_know_in_Bitcoin_this_week_%E2%80%9C\"><\/span>&#8221; &#8216;No more 4-year cycles&#8217; \u2014 5 things to know in Bitcoin this week &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) starts a new week on a tentatively stronger footing as macro cues curiously stabilize.<\/p>\n<p>After a calmer weekend than most recently, BTC\/USD managed to seal its highest weekly close since February, casting off concerns that an imminent bout below $40,000 could enter.<\/p>\n<p>Instead, conditions are beginning to favor a more bullish perspective on shorter timeframes. But, as ever, nothing is certain. The bulls need to tackle resistance and flip it to support, beginning with levels just north of $42,000 \u2014 a case of \u201cso near yet so far\u201d for the market this month.<\/p>\n<p>Signs that belief is heating up again, nonetheless, come from increasing activity in stablecoin markets. As such, truly bearish takes on what lies ahead are now few and far between.<\/p>\n<p>As global markets stage a miraculous recovery after weeks of war-based nerves, Cointelegraph takes a look at what could impact Bitcoin in the coming week.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stocks_act_like_they_no_longer_care_about_war\"><\/span>Stocks act like they no longer care about war<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It may seem \u201ccrazy,\u201d markets commentator Holger Zschaepitz <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1505131597242241025\">said<\/a> this weekend, but it <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears that in just one month, markets are beginning to forget the ongoing Russia-Ukraine war.<\/p>\n<p>What was the main trigger for volatility in previous weeks is becoming an increasingly impotent market mover after the shock of sanctions came and went, he says.<\/p>\n<p>While its implications are far from fully apparent, the current geopolitical reality is nonetheless increasingly unnoticeable on equities markets, which are now trending up with a focus on policy changes in China.<\/p>\n<p>Chinese equities took a pummeling this year, led by tech stocks on the back of government pressure, but a seeming about-turn to shore up stability in Beijing is already having its desired effect.<\/p>\n<p>Where Asia leads, Europe and the United States follow this week \u2014 markets are heading higher. And, in the case of Europe\u2019s Stoxx 600, have already eradicated losses engendered by the war.<\/p>\n<p>\u201cGlobal stocks have gained ~$5tn in mkt cap this wk on potential for wave of stimulus in China &amp; oversold stock prices,\u201d Zschaepitz <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1505634700026695684\">noted<\/a> Monday. <\/p>\n<blockquote><p>\u201cInvestors shrugged off ongoing war in Ukraine &amp; rising rates. US 10y yields have jumped 10bps to 2.15%. All stock now worth $112.4tn, equal to 133% of global GDP.\u201d<\/p><\/blockquote>\n<p>Should the good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> continue, attention will return to Bitcoin\u2019s correlation with stock markets, those particularly in the United States, as a potential pretext for price strength.<\/p>\n<p>As noted by trading suite Decentrader last week, the correlation paradigm is yet to be broken.<\/p>\n<p>\u201cPrice action has been in lockstep with legacy markets since the Russia-Ukraine conflict began with a high correlation visible throughout the period, demonstrating that Bitcoin remains a risk-off asset during uncertain times,\u201d analyst Filbfilb <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decentrader.com\/market_updates\/bitcoin-cmon-do-something\/\">wrote<\/a> in a market report.<\/p>\n<p>What would it take to break the spell? Investors may need to wait longer than the coming week to find out, but break it should, according to former BitMEX CEO, Arthur Hayes.<\/p>\n<p>\u201cAs you can see, Bitcoin is currently tied at the hip with big tech risk assets,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decentrader.com\/market_updates\/bitcoin-cmon-do-something\/\">wrote<\/a> in a Medium post released last week. <\/p>\n<blockquote><p>\u201cIf we believe nominal rates will go higher and cause an equities bear market and an economic recession, Bitcoin will follow big tech into the latrine. The only way to break this correlation is a narrative shift on what makes Bitcoin valuable. A rip roaring bull market in gold in the face of rising nominal rates and global stagflation will break this relationship.\u201d<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Which_cross_will_win_out\"><\/span>Which cross will win out?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin managed to end the week with an impressive \u201cengulfing candle,\u201d which took the weekly chart to a one-month high close.<\/p>\n<p>Still at about $41,000, despite attempts to send the market south at the last minute, the largest cryptocurrency is thus on a firmer footing as March continues.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> is mere hours away from confirming a bullish engulfing Weekly candle<\/p>\n<p>This engulfing candle encompasses the previous 3 weeks&#8217; worth of price action for Bitcoin<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/n279Y7ue3q\">pic.twitter.com\/n279Y7ue3q<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1505654070534709252?ref_src=twsrc%5Etfw\">March 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>All is not as straightforward as it seems, however, and nervous analysts are still concerned about a possible spate of weakness coming up.<\/p>\n<p>Despite the strong close, for example, the weekly chart nonetheless saw a form of so-called \u201cdeath cross\u201d last week, data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0shows.<\/p>\n<p>Formed when a shorter-timeframe moving average crosses under a longer one \u2014 normally the 50-period under the 200-period but, in this case, the 20-period under the 50-period \u2014 such chart phenomena tend to signal upcoming weakness.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/2329a32f-2aa6-4779-83ce-8822bc810cbe.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-week candle chart with 20 and 50WMA (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Be that as it may, however, lower timeframes are not without their bullish cues.<\/p>\n<p>As <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BTCfuel\/status\/1505538481900199938\/\">noted<\/a> by popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account BTCfuel, BTC\/USD attacking the 100-period moving average on the daily chart is cause for optimism and mimics a structure from way back in 2012.<\/p>\n<p>\u201cAfter falling below the MA&#8217;s, Bitcoin is now challenging the 100D MA (red),\u201d he explained alongside comparative charts. <\/p>\n<blockquote><p>\u201cThis is 33 bars after the bearish cross happened, very similar to 2012. A bullish cross should follow soon after that.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/1ad11a61-48db-4cb1-9a70-3185c2c07ba5.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-day candle chart with 100DMA (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The \u201csoftly-softly\u201d approach is very much in favor of a market that is still moving within a range with firmly-defined resistance levels. These should be firmly squashed before a genuine trend change is confirmed.<\/p>\n<p>That was the opinion of analyst Matthew Hyland this weekend, with $42,600 as the first area to beat for bulls.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">If <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> can successfully break $42.6k it will likely head up to the $46k area<\/p>\n<p>If it gets rejected here then the $40.3k area which was previous resistance would have to be used as support again: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ZcmKajSziP\">pic.twitter.com\/ZcmKajSziP<\/a><\/p>\n<p>\u2014 Matthew Hyland (@MatthewHyland_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MatthewHyland_\/status\/1505552137849384963?ref_src=twsrc%5Etfw\">March 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stop_waiting_for_the_blow-off_top_says_analyst\"><\/span>Stop waiting for the blow-off top, says analyst<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, popular consensus argues that Bitcoin has in fact been sideways ranging not just this year, but all of last year as well.<\/p>\n<p>With $29,000 and $69,000 as the limits of the range, price action in between is just consolidation, various well-known commentators claim.<\/p>\n<p>After 15 months, questions are now being raised about whether Bitcoin needs to be reevaluated within the context of one of its best-known traits: the four-year price cycle.<\/p>\n<p>Based on the block subsidy halving which occurs once every 210,000 blocks \u2014 roughly every four years \u2014 halvings have historically had a predictable impact on price performance.<\/p>\n<p>Bull market peaks, for example, have occurred the year after a halving, with bearish corrections following before the process slowly repeats.<\/p>\n<p>This time has been decisively different, as the end of 2021 failed to see the same blow-off top witnessed in 2013 and 2017. <\/p>\n<p>\u201cWe\u2018re likely seeing the first signs of \u2018The Last Cycle\u2019 thesis playing out,\u201d popular analyst and statistician Willy Woo announced this week. <\/p>\n<blockquote><p>\u201c3 relatively short bull and bear markets have transpired since the 2019 bottom already. i.e. No more 4 year cycles.\u201d<\/p><\/blockquote>\n<p>Woo\u2019s thesis revolves around the disintegration of the blow-off top as a feature of each halving cycle. Far from a bearish feature, however, he says that price action will simply become less predictable as supply and demand forces ramp up.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re likely seeing the first signs of &#8220;The Last Cycle&#8221; thesis playing out. 3 relatively short bull and bear markets have transpired since the 2019 bottom already. <\/p>\n<p>i.e. No more 4 year cycles. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/N3VzlKx2IA\">https:\/\/t.co\/N3VzlKx2IA<\/a><\/p>\n<p>\u2014 Willy Woo (@woonomic) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/woonomic\/status\/1505540159470714885?ref_src=twsrc%5Etfw\">March 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As such, measuring BTC\/USD against its latest all-time high \u2014 and its potential to beat it \u2014 may no longer provide an accurate depiction of market strength or capability. <\/p>\n<p>While similar to the so-called \u201csupercycle\u201d championed by names including Kraken growth lead Dan Held, not everyone agrees that the cycle-based price phases are no more.<\/p>\n<p>\u201cDon\u2018t quite agree. If we get a parabolic\/blow off 5th wave there will be an equally aggressive drop that follows. But <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly, yes, we can expect higher lows and higher highs to be put in over time of course,\u201d popular Twitter account Credible Crypto <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CredibleCrypto\/status\/1444450655184179208\">responded<\/a> to Woo when he unveiled the idea in October.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tether_activity_gets_bulls_excited\"><\/span>Tether activity gets bulls excited<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Look no further than behind-the-scenes moves on stablecoins to assess the chances of a bullish continuation occurring on crypto markets.<\/p>\n<p>Regarding interaction with U.S. dollar stablecoins, in particular, these hold the lion\u2019s share of the market and are a key indicator of overall interest in crypto. Their trajectory is now pointing clearly upwards.<\/p>\n<p>As <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1505790218036674563\">explained<\/a> by on-chain analytics firm Santiment, two days last week saw more active Tether (USDT) addresses than at any other time this year or last.<\/p>\n<p>\u201cAs Bitcoin wavers around $41k, Tether is indicating big moves may be coming for crypto,\u201d it commented. <\/p>\n<blockquote><p>\u201cThursday (83k) and Saturday (74k) had the two largest days of 2022, in terms of addresses interacting on the network. Keep an eye on this diminishing stagnancy.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/9115721e-6312-4b73-8dbc-a70d70952989.png\"><figcaption style=\"text-align: center;\"><em>Tether network interaction annotated chart. Source: Santiment\/ Twitter<\/em><\/figcaption><\/figure>\n<p>The largest USD stablecoin, Tether\u2019s market cap now stands at over $83 billion.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sentiment_exits_weeks_of_%E2%80%9Cextreme_fear%E2%80%9D\"><\/span>Sentiment exits weeks of \u201cextreme fear\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A hint of good news is surfacing in crypto market sentiment this week.<\/p>\n<p><strong><em>Related:\u00a0Top 5 cryptocurrencies to watch this week: BTC, LUNA, AVAX, ETC, EGLD<\/em><\/strong><\/p>\n<p>After a fresh dive into \u201cextreme fear\u201d which lasted most of March, the Crypto Fear &amp; Greed Index has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">risen<\/a> back to its \u201cfear\u201d zone.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/eff7ad06-bdd9-4df5-a585-e8319fd2e53a.png\"><figcaption style=\"text-align: center;\"><em>Crypto Fear &amp; Greed Index (screenshot). Source: Alternative.me<\/em><\/figcaption><\/figure>\n<p>At 31\/100 on Sunday, the Index measured its highest since March 4 and points to the worst of the macro-based cold feet among investors \u2014 at least temporarily \u2014 being alleviated. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Feels good to wake up Monday morning and see that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> didn&#8217;t sell back down into the 30s like usual. Still above 40k. Sentiment starting to shift&#8230; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/TIrJprHmxW\">https:\/\/t.co\/TIrJprHmxW<\/a><\/p>\n<p>\u2014 Steve \u26a1 (@decodejar) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/decodejar\/status\/1505656218387628033?ref_src=twsrc%5Etfw\">March 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Last week, by contrast, the picture was far gloomier. Research argued that sentiment could hardly be much lower than it was.<\/p>\n<p>Discussing market composition, meanwhile, the dedicated Fear &amp; Greed Index Newsletter last week <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.getrevue.co\/profile\/bitcoinfear\/issues\/bitcoin-fear-and-green-index-newsletter-block-30-1081585?via=twitter-card&amp;client=DesktopWeb&amp;element=issue-card\">highlighted<\/a> the ongoing struggle between bulls and bears at current levels.<\/p>\n<p>\u201cThe bears have a built a fortress between $40,100 and $42,600,\u201d it read, assessing the need for an \u201cincremental\u201d reassertion of force by bulls up to $42,600.<\/p>\n<p>\u201cThis breach would wipe out the bears entirely and break their spirit. It\u2019s not an easy task, but if the bulls plan on recapturing their momentum, this would have to be done,\u201d it added.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/no-more-4-year-cycles-5-things-to-know-in-bitcoin-this-week\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; &#8216;No more 4-year cycles&#8217; \u2014 5 things to know in Bitcoin this week &#8220; Bitcoin (BTC) starts a new week on a tentatively stronger footing as macro cues curiously stabilize. After a calmer weekend than most recently, BTC\/USD managed to seal its highest weekly close since February, casting off concerns that an imminent bout&#8230;<\/p>\n","protected":false},"author":1,"featured_media":419305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvZjNiYWIzOTgtMzc3NS00Y2NjLTllZGMtNzRhY2Q3ZTA0ZjNlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-419304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/419304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=419304"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/419304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/419305"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=419304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=419304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=419304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}