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Since the first cycle, Bitcoin has consistently followed a 4-year cycle.
3 years of bull, 1 year of bear, clearly visible on the 12M candlesticks.
But for the first time in 13 years, $BTC might actually break this pattern and end the 3rd year of the bull run with a red yearly candle.
If that happens, the 4-year cycle theory gets invalidated. And honestly, this would take us into uncharted territory.
It could mean we're entering a prolonged supercycle, extending into 2026 to make up for 2025's anomaly… or we could be looking at the start of an early and extended bear market.
No bias here, just eyes wide open on what's happening.