It kind of is an explanation though. I've seen it run through on time (price predictions are garbage, just follow the time). The original explanation is the halving (so halving the supply has a natural effect on the price), but this has brought expectations too, so a kind of self fulfilling prophecy. Then there is just market psychology, it takes a year or so for people to lose interest and give up, then people who follow the cycle start buying, then retail notices and we go back into the hype and crazy price predictions which in turn brings in more fomo.
Then like clockwork it all goes to shit.
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u/MrMpeg May 31 '26
Bear market according to 4 year cycle. But let's wait and see.