# BTC Bull cycle

By [punkrider.eth](https://paragraph.com/@punkrider) · 2023-09-25

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Delphi’s analysis draws attention to the inherent cyclical nature of the cryptocurrency market. This cyclicality is demonstrated by the timing between peak-to-trough bottoms, recovery periods to previous cycle highs and the timing of price rallies to new cycle tops. Using Bitcoin as a benchmark, Delphi outlines the general blueprint of a cryptocurrency market cycle.

These four-_D (log scale) reflecting four-year cycles. Source: Delphi Digital_year cycles include Bitcoin hitting a new ATH, experiencing an approximate 80% drawdown, then a bottom around one year later. This tends to be followed by a two-year recovery to prior highs and, finally, a price rally for another year leading to a new all-time high.

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*Originally published on [punkrider.eth](https://paragraph.com/@punkrider/btc-bull-cycle)*