Bitcoin’s Bumpy Ride: When Troughs Meet Crests and Analysts Get Jittery

Well, if ever you’ve seen a rodeo where a bull throws its rider off every four years, you ain’t seen nothing yet. Tony “The Bull” Severino, a man with a name tailor-made for the crypto world, has been hollerin’ about Bitcoin’s four-year cycles over on X, and folks are startin’ to listen. 🐂cents

Now, Severino’s sayin’ that Bitcoin’s latest dip below $90,000 ain’t nothin’ to sneeze at. He’s pointin’ to the troughs—those dark moments when the market’s about as cheerful as a rainy day in March—and sayin’ they’re actually the best time to hop on the Bitcoin bandwagon. 🌦 BTC

Severino’s analysis, rooted in the sacred cycles of Bitcoin’s halving events, paints a picture of a market that’s as predictable as a circus act. He’s lookin’ at the monthly candlestick chart, a thing of beauty that’s been chartin’ Bitcoin’s ups and downs since 2013. 📈

Bitcoin, he says, has gone through four definitive cycles, each one a rollercoaster of emotions. The troughs, marked in the chart like sad faces, are the moments of maximum opportunity. But, oh boy, those crests! Those red-hot crests are the moments when Bitcoin’s reachin’ its peak and the risk of a tumble is higher than ever. 🔥bitcoin

Back in January 2025, Bitcoin hit its all-time high of $108,786, and Severino’s model suggests we’re already past the crest of the latest cycle. But that doesn’t mean the show’s over. Some cycles, like the 2017 bull run, saw Bitcoin keep climbin’ even after the crest. 🏔2017

Since February, Bitcoin’s been correctin’ like a wild bronco, and it’s down about 20% from its high. It even dipped as low as $78,780 in early March, which had the whole crypto community scratchin’ their heads. 🤔 But folks, don’t pack your bags just yet. Bitcoin’s still tryin’ to find its feet, trading at $87,300 and up 3.6% in the past 24 hours. 📈

Severino’s warnin’ that the margin for error is gettin’ thinner, and the longer BTC keeps correctin’, the more likely it is that a bearish phase is on the horizon. But other analysts are still holdin’ out hope that Bitcoin’s got more tricks up its sleeve. 🎩BTC

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2025-03-25 03:05