Will the Bitcoin and Cryptocurrency Market Collapse? Analyst's Prediction for August-September

According to a new technical analysis, Bitcoin and the crypto market in general may be reflecting historical post-halving cycle patterns. Although the market has previously grown during July and August, historical fractals indicate the possibility of a collapse in September, followed by a bullish surge to the cycle peak at the end of the year. September Proves Risk for the Bitcoin and Crypto Market A recent post on social media X by cryptocurrency analyst Benjamin Cowen highlighted a recurring pattern in Bitcoin price movements, which could have a significant impact on the crypto market in the coming months. His analysis shows that Bitcoin consistently follows post-halving cycles, exhibiting distinct seasonal price fluctuations, particularly around July, August, and September. The chart shared by Cowen shows that in previous cycles, Bitcoin typically tends to be bullish in July and August, driving optimism and strong market sentiment. However, each time this occurs, it is accompanied by a downturn in September, leading to a correction before reaching the final cycle peak, which usually takes place in the last quarter of the year.

According to the analysis, this repeating structure not only appears in a single cycle but has occurred in many previous cycles, reinforcing the expert's argument that history may be repeating itself. In the years 2013, 2017, and 2021, the price movements of Bitcoin closely followed this pattern, showing strength in the middle of the summer and weakening in September. After the last bullish run to the peak, each of these cycles is eventually followed by a prolonged bear market phase, during which valuations adjust sharply from the peak. Based on Cowen's report, the current cycle appears to be unfolding in a similar manner, as Bitcoin has shown strength in July and August of this year, raising concerns that the pullback in September may be approaching.

The BTC Cycle Shows That The Market Still Has Plenty Of Room To Grow A new technical analysis by crypto market expert TechDev also shows a repeating pattern in Bitcoin's long-term price cycle, arguing that, contrary to popular belief, the current market may still be far from its peak. This analysis, supported by historical charts of BTC's performance, indicates that every market peak occurs approximately 14 months after a specific cycle signal. The chart outlines multiple Bitcoin cycles starting from 2011, with peaks and troughs clearly marked by green and red indicators. Each bullish phase is followed by a significant correction and then a recovery accumulation phase. The data also shows that each cycle peak often coincides with a measurable time frame of about 420 days.

Based on this model, current forecasts indicate that Bitcoin still has room for growth. The most recent green signal on the chart suggests that the crypto market may have exited the correction phase. If historical patterns hold true, this could mean that the market is entering a prolonged bullish phase rather than nearing a weakening phase.