Unlike other markets, the crypto market demonstrates cyclical movements that are highly predictable. For example, Bitcoin undergoes a rally every four years that coincide with the halving event, an occasion where new supply is cut in half.
Recently, a chart was released that indicated the total cryptocurrency market cap is conforming to the “psychology of a market cycle” diagram. This pattern may suggest that the market is presently in a confused phase, which has affected investors. Thus, exploring the possible consequences of this phase and its impact is essential.
So what are these crypto market cycles?
Financial markets that were once highly profitable and exciting can become painful to observe. However, at the point of extreme pain, anger, and depression, a new uptrend begins in a bear market, while most investors remain paralyzed by fear.
Source: https://coinpedia.org/price-analysis/analysis-of-the-current-crypto-market-cycle-are-investors-confused/