Bitcoin falls to $92k, is the Bull run over?

 Bitcoins future price:

Bitcoin price correction after the Federal Reserve's (FOMC) outlook for fewer rate cuts in 2025

Bitcoin traded near $97,000 on Friday after a recent drop caused cryptocurrencies to lose over 5% of their total market value. Despite the current negative sentiment in the market, several key factors suggest that Bitcoin may not have reached its peak in the current cycle. Earlier in the week, Bitcoin hit a high of $108,300 but then fell on Wednesday after the Federal Reserve's (FOMC) outlook for fewer rate cuts in 2025. The Fed's decision to reduce the number of expected rate cuts from four to two led to significant selling pressure across the crypto market.

US investors were among the most active sellers, as seen in the Bitcoin Coinbase premium turning negative. This metric, which measures the difference between Bitcoin's price on Coinbase and Binance, indicated higher selling pressure in the US compared to the global market. As Bitcoin's price dropped from its all-time high, many investors began to wonder if the bull run was over. However, historical patterns and other factors provide mixed signals about Bitcoin's future.

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Bitcoin often follows a four-year market cycle that includes phases of accumulation, a bull market, distribution, and a bear market. If this pattern continues, Bitcoin could extend its rally into 2025 before reaching a peak. The belief in this cycle could also influence market behavior, creating a self-fulfilling prophecy. However, while Bitcoin has shown consistency with past cycles, there are signs of changing dynamics in the current cycle.

Historically, Bitcoin has reached new highs about one year after its halving events. This was evident in the 2015-2018 cycle when Bitcoin's price peaked in August 2017, a year after its 2016 halving. Similarly, in the 2019-2022 cycle, Bitcoin surged to new highs in November 2021, following its 2020 halving. However, in the current cycle, Bitcoin hit a new all-time high in March before its halving in April, deviating from the usual pattern.

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This shift presents investors with two possibilities, either the halving event is no longer a reliable indicator of Bitcoin's price movements, or Bitcoin has yet to experience the post-halving growth seen in previous cycles. Investors must consider these factors when evaluating Bitcoin's potential trajectory and make informed decisions based on the evolving market conditions.