Bitcoin 9-Month Cycle Says Its Not Over, Analyst Shows Where We Are In The Bull Run

A crypto analyst suggests Bitcoin's price is following a historical nine-month cycle seen in past bull runs. This cycle includes a "bear trap" — a temporary price dip — around the fifth or sixth month, which can mislead investors. The analyst believes Bitcoin may be in this bear trap phase now, similar to patterns seen in 2011, 2013, 2017, and 2021. Historically, after the bear trap, the market experiences renewed optimism and buying, eventually leading to a peak before the next correction. Currently, Bitcoin's price is around $95,767, down over 11% in the last month, and significantly below the $100,000 mark. Some community members disagree with the analyst's assessment, suggesting the current market is experiencing a "shakeout" rather than a bear trap, and predict the bear trap will occur at a much higher price point, around $200,000.