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A well-known cryptocurrency analyst has warned that the historical cycle pattern of Bitcoin (BTC) may soon come to an end. Bitcoin trader Justin Bennett told his followers on the X social network that Bitcoin's traditional four-year cycle could change if the business cycle contracts. According to Bennett, Bitcoin cycles have been correlated with overall macroeconomic performance. He believes that these full four-year cycles for BTC are fueled by the environment in which Bitcoin was "born." Bennett stated that we are on the verge of a new era for digital currencies. He also mentioned the correlation of Bitcoin price with key economic indicators such as PMI. In the short term, Bennett will be watching closely to see if Bitcoin can turn the key resistance level of $58,000 into support.
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