Bitcoin Bull and Bear cycles will become a thing of the past, chain analyst Willy Woo says

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Chain analyst Willy Woo says sharp bull and bear cycles will become a thing of the past for Bitcoin.

In a new interview with news personality Natalie Brunell, Woo says that the typical four-year cycles most analysts see in Bitcoin will be replaced by a “drunken march” to the top, much like the S&P 500 or other major stock market indices.

“The timeline is really for this bull market to run out of steam around December, and right now the on-chain data says otherwise…

Now that we are approaching our fourth quarter, the data is quite different from any cycles we have seen before, and people still think that we are going to model this bull / bear cycle on the previous ones and if you look structurally chain, everything seems different …

I think it’s a good chance that we won’t get into what we think is a traditional Bitcoin bear market, which is usually a huge retracement of maybe 80% of its value, and it also takes around nine. months to a year to tremble outside. I don’t think that will happen, and I think judging by the maturity of this market and the impact of different parts of demand and supply from different parts of the ecosystem, we are moving out of this four-year cycle period that really depends on halving the network.

Bitcoin’s four-year cycle suggests that BTC goes through a massive surge in the first year, followed by a sharp bear market, then a build-up phase before the rally and continuation.

Woo says he considers Bitcoin to be in its “last cycle,” before entering a new era where Bitcoin no longer has obvious bulls and bears.

“I don’t think we’re going to have like what we see again these normal four-year cycles. I call this the “last cycle”. And people will think it’s very dark and bearish, but no, I mean, this thing does a drunken walk of ups and downs, with an uptrend as it finds its adoption for indefinite durations. Those four-year cycles are gone. This is what I think could happen, which is a big eye-opener because it’s against the expectations of the majority, so we’ll see if that plays out.

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