Bitcoin (BTC<\/a>) is about to test hodlers with a \u201cmid cycle lull\u201d before starting a bull run in late 2024, a new BTC price model states.<\/p>\n According to its creator, popular analyst CryptoCon, the \u201cNovember 28th Cycles Theory<\/a>\u201d demands the BTC price all-time high in 2025.<\/p>\n Amid debate over the nature of the current Bitcoin four-year price cycle, CryptoCon believes that all may be simpler than many imagine when it comes to how BTC\/USD behaves at a given time.<\/p>\n Unveiling the \u201cNovember 28th\u201d chart on X (formerly Twitter), he delineated the date as a key pivot point in the year, along with a three-week period on either side.<\/p>\n \u201cUsing 4-year time cycles against my Theory, produces Bitcoins exact behavior in time since its inception. Cycles are centered around the date of the first halving Nov 28th,\u201d he explained. <\/p>\n \u201cBitcoin price action began at the first bottom October 8th, 2010. This is where cycle curves peak, every 4 years. Tops and bottoms come +\/- 21 days from Nov 28th at their appropriate times on the curve. Tops on the upswing, bottoms on the pinnacle.\u201d<\/p><\/blockquote>\n The chart describes November 28 as the date Bitcoin sees a \u201cbull run launch\u201d every four years. The last was in 2020 when BTC\/USD broke beyond its prior all-time high (ATH) to hit its current $69,000 record a year later.<\/p>\n The next point of interest is thus November 2024. Until then, BTC price action will spend its time in a \u201cmid cycle lull.\u201d<\/p>\n \u201cAfter Bitcoin bottoms, price makes an early first cycle move (orange) and enters into a mid-cycle lull,\u201d CryptoCon continued.<\/p>\n \u201cThis is the longest part of the cycle, where Bitcoin spends time around the median price (half of previous ATH), until the curve bottoms.\u201d<\/p><\/blockquote>\n He added that Bitcoin had \u201calmost certainly\u201d seen its early top, referencing the $31,800 local highs<\/a> from July.<\/p>\n As Cointelegraph reported, opinions on where BTC price action will go into the 2024 block subsidy halving<\/a> differ.<\/p>\n Related: Bitcoin halving can take BTC price to $148K by July 2025 \u2014 Pantera Capital<\/a><\/em><\/strong><\/p>\n Some argue that modest gains will be all that hodlers will see<\/a> before the event, scheduled for April next year.<\/p>\n In an interview with Cointelegraph<\/a> this week, Filbfilb, co-founder of trading suite DecenTrader, nonetheless delivered a $46,000 target for the halving, with $35,000 slated for year-end.<\/p>\n In his latest newsletter published<\/a> on Sept. 5, meanwhile, CryptoCon summarized 2023 BTC price behavior as a \u201cbull market fakeout.\u201d<\/p>\n \u201cThis makes it appear as if the bull market has begun with the trigger of many signals, but then at some point, price fails to continue,\u201d he wrote.<\/p>\n \u201cThis is the most convincing example we\u2019ve seen of this yet. Personally, I think there is still some time to go for that and I am patiently awaiting its completion.\u201d<\/p><\/blockquote>\n BTC\/USD traded at $26,200 at the time of writing on Sept. 8, per data from Cointelegraph Markets Pro<\/a> and TradingView<\/a>.<\/p>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) is about to test hodlers with a \u201cmid cycle lull\u201d before starting a bull run in late 2024, a new BTC price model states. According to its creator, popular analyst CryptoCon, the \u201cNovember 28th Cycles Theory\u201d demands the BTC price all-time high in 2025. Countdown to BTC price \u201cbull run launch\u201d Amid debate […]<\/p>\n","protected":false},"author":2,"featured_media":152168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-152167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=152167"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152167\/revisions"}],"predecessor-version":[{"id":152170,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152167\/revisions\/152170"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/152168"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=152167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=152167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=152167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Countdown to BTC price \u201cbull run launch\u201d<\/h2>\n
A Bitcoin \u201cbull market fakeout\u201d<\/h2>\n
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-09\/4ca7c08c-b62b-4efa-b9f3-2587f7a47311.png\")