The post Why the bull run so far has been standard appeared on BitcoinEthereumNews.com.

This is a segment from the Empire newsletter. To read full editions, subscribe. Happy Friday! The bitcoin blues are real today, though We’ve been told by many a bull that there’s still a few weeks left in December to hit another new all-time high. We’ll just have to see if that pans out.  Keep calm and carry on, as the UK government once advised. We think it’s pretty relevant right now.  Anyway, this morning, we’re diving into this cycle and why it’s really not that different from past cycles (sorry, y’all) and a lot of people have thoughts on AI agents and where they go from here.  See you bright and early Monday.  This time is no different It’s always tempting to go against the grain. To believe this time is different. The problem with that is, at least in crypto, everything that is happening today has already played out in the past.  Bitcoin bull markets have so far been cyclical and, therefore, even predictable. With the exception of BTC’s all-time high before the halving this time around — rather than around six months after the fact — the current bitcoin bull market is totally par for the course. Those who’ve been reading our emails are familiar with the chart below. It plots our current run (purple) against previous cycles (the others) as if they all started at once. As you can see, this bitcoin bull run to date is entirely standard. Not especially fast, slow or explosive, and more or less in line with the previous bull run. Not shown: bitcoin’s first major run between late 2009 and the second half of 2011 Bull market trajectories have indeed been similar over the years. But there are still emerging trends: 1. BTC is taking longer to reach cycle peaks each…

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Filed under: News - @ December 6, 2024 2:24 pm