Delphi Digital: Some on-chain indicators and chart signals may hint at the start of a new bull cycle for cryptocurrencies

Odaily Planet Daily News Delphi Digital co-founder Kevin Kelly said that the cryptocurrency market is cyclical and predictable, which has a huge impact on the future trend of the cryptocurrency market. “Evidence is mounting that we are in the early stages of a new cycle. Risk assets like stocks and cryptocurrencies have been sniffing this out all year.” Kevin Kelly also shared a chart from Delphi Digital on August 8, emphasizing that Bitcoin follows a four-year cycle, and its unique pattern has been repeated in the past three cycles-Bitcoin prices fell by 80% in the first year, and in two years It recovered to previous highs for a long time, and then rebounded to a new all-time high in the fourth year. (Cointelegraph)