Bitcoin Faces Critical Support Test as Market Cycle Slows Down

The cryptocurrency market is experiencing a shift in momentum as Bitcoin price action retreats from recent highs, raising concerns about the current market cycle’s length and impact on investor behavior. Data suggests that Bitcoin has been holding for extended periods at longer durations than previously observed, indicating structural changes in the market landscape. This comes as analysts point to key factors like the introduction of spot ETFs and increased institutional involvement as driving forces behind the evolving dynamics of the crypto market.