Bitcoin cycle phase patterns (based on historical data extrapolation)

Referencing the general rhythm of the previous four cycles, the next cycle is roughly divided into three phases:

1. Post-halving upward phase (April 2028 - end of 2029): The supply contraction effect gradually manifests, and the market shifts from consolidation bottoming to a main upward wave. Historically, the bull market peak usually occurs 12-18 months after the halving.

2. Bear market decline phase (full year 2030): After the bull market peaks, valuation regression begins, typically reaching the bear market bottom around 12 months after the peak.

3. Bottom accumulation phase (2031 - early 2032): Prices oscillate at low levels for an extended period, accumulating energy for the next halving rally.