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Bitcoin bottoms every 3.91 years, Ryan Detrick notes

Bitcoin bottoms every 3.91 years, Ryan Detrick notes
Bitcoin bottoms in 3.91-year cycles

Ryan Detrick, chief market strategist at Carson Group, points out that Bitcoin reaches a price bottom roughly every 3.91 years, and says this cycle indicates a bottom is occurring now.

The observation is based on data referenced in the tweet, with appreciation to another analyst for the insight.

Detrick recently projected that the S&P 500 could move toward 8,000 if the index holds above its June high, according to Carson Group analysis. He also discussed the continuation of bull market trends in a recent appearance on CNBC, as noted in previous coverage. His latest view on Bitcoin adds to his ongoing commentary on key market cycles.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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