On Oct. 6, Capriole Fund founder Charles Edwards observed the hodl waves for long-term Bitcoin holders.holders is comparable only with 2016. The jump will have big consequences in 2024, he said adding that this was not seen in the last bull cycle, meaning that the next one could be even larger.The massive growth in long-term Bitcoin holders is comparable only with 2016. This step-change jump in Hodl Waves will have big consequences in 2024. Something we didn’t see last bull-run.
The current fear and greed market sentiment index is at 50, which is neutral. However, analysts and traders are confident that next year will see the beginning of a new cycle that peaks in 2025.He added that there were several tailwinds that could accelerate and catalyze this flip. These include the four-year cycle theory, which puts the next one due in 2024. The halving is intrinsically linked to these cycles, and that is due in April and May next year.
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