Question 1

What are the Bitcoin market cycle phases?

Accepted Answer

The Bitcoin market cycle is divided into 4 recurring phases: Accumulation (sideways price after a crash, institutional investors quietly accumulate), Growth (price starts rising with increasing volume, sentiment improves), Bubble (euphoria, price accelerates exponentially, all-time highs) and Crash (violent correction, panic, the cycle resets). Each cycle lasts approximately 4 years, tied to the Bitcoin halving.

Question 2

What do the percentages in each phase mean?

Accepted Answer

The percentages show the gain or loss of Bitcoin price during each phase. For example, +9,300% in the 2013 bubble phase means BTC rose 93x from the start of that phase. Negative percentages (-84%, -87%) correspond to crash phases. These are historical data and do not predict future returns.

Question 3

What phase are we in now?

Accepted Answer

According to the classic cycle model based on halvings, the current cycle started its bull phase in November 2022 (bear bottom) and reached its ATH in October 2025 ($124,753). Since then, the price has corrected, suggesting we may be at the start of a crash/accumulation phase.

Question 4

Why is the price on a logarithmic scale?

Accepted Answer

The logarithmic scale is essential for visualizing Bitcoin's growth. On a linear scale, the early cycles (where BTC went from $1 to $1,000) would be invisible compared to recent cycles. The log scale allows visual comparison of percentage changes between cycles, regardless of the absolute price.

Cycle Phases

Cycle Phases

FAQ — Cycle Phases