Analysts: BTC's four-year halving cycle is still an important factor affecting price trends, with key support ranges currently ranging from US$72,000 to US$73,000

PANews March 16th news, according to Cointelegraph, although investors are generally worried about the current adjustment, Bitcoin’s historical bull market cycle is still intact, and it may only be a temporary "fluctuation" before the next round of rise.

Bitfinex analysts pointed out that several key technical indicators have turned bearish, leading to speculation that the bull market cycle may end prematurely. Despite this, Bitcoin’s 4-year cycle is still an important factor, historically swaying price trends. Past trends show that it is not the beginning of a long-term bear market, and $72,000-73,000 is still the key support range. Global Treasury yields and stock trends may determine the next major trend of Bitcoin.