Grayscale Predicts Crypto Winter Will End in March 2023
According to Grayscale Investments’ analysts, the bearish phase of Bitcoin will end in 250 days if the market cycle repeats.
According to the experts, the duration of Bitcoin cycles averages four years or approximately 1,275 days. The trigger for the transition to the bearish phase is the fall of the realized price below the market price.
We are talking about the MVRV indicator. In March 2021, the company experts excluded the signal from consideration, pointing to the shock caused by the COVID-19 pandemic.
The last time the realized price fell below the market price was on June 13. Previously, this state lasted an average of 250 days. As of July 12, only 21 days have passed since the beginning of the phase.
According to historical data, the bullish phases of Bitcoin have become more extended in time. If in 2012 the market took 603 days to reach the peak, then in 2016 and 2020 it took 786 and 952 days, respectively.
