Bitcoin hit a new all-time high above $124,000 in mid-August. The momentum has since cooled, and the asset experienced intense, volatile price action in recent weeks. At present, Bitcoin is trading around $110,958 in a notable pullback from its peak, while leaving investors debating on what’s next.

Joao Wedson believes that Bitcoin’s fate may hinge on whether its four-year cycles remain valid. He even predicted a looming bear market with a $50,000 bottom.

Bitcoin hit a new all-time high above $124,000 in mid-August. The momentum has since cooled, and the asset experienced intense, volatile price action in recent weeks. At present, Bitcoin is trading around $110,958 in a notable pullback from its peak, while leaving investors debating on what’s next.

Joao Wedson believes that Bitcoin’s fate may hinge on whether its four-year cycles remain valid. He even predicted a looming bear market with a $50,000 bottom.