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Bitcoin 's historical "cycle" is showing signs that it might be breaking as a changing profile of investors and supportive regulation reshapes market dynamics.

If this often predictable pattern is broken, it would have significant implications for the way investors assess the cryptocurrency's price action and the potential timing of when to invest in bitcoin.

"It's not officially over until we see positive returns in 2026. But I think we will, so let's say this: I think the 4-year cycle is over," Matthew Hougan, chief investment officer at Bitwise Asset Management, told CNBC.

What is the bitcoin cycle?

Generally, the bitcoin cycle refers to a four-year pattern of price movement that revolves around a k

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