Why trust?
Editorial policy that is strict and focuses on accuracy. relevance, impartiality, and relevancy
It is created by professionals and carefully reviewed
Reporting and Publishing at the highest level
A strict editorial policy that emphasizes accuracy, relevancy, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Joe Consorti is the Head of Growth for Theya. According to him, Bitcoin’s new record of $124,000 set Thursday was a test that would put one of the oldest heuristics on display. In a video published today, August 14, Consorti argued that the fourth quarter will reveal whether the market’s long-observed four-year halving cycle still governs price behavior—or whether the asset has entered a new regime shaped by deep, patient pools of traditional finance capital.
“Bitcoin just hit a brand new all-time high of more than $123,700,” “He said” at the very top of the section. “It’s since corrected slightly…but we’re still pushing higher.” The print matches Wednesday’s major dashboards. Bitcoin reached a high of $124.4000 as traders focused on the Fed’s potential easing and increased risk appetite.
Q4 could be the end of Bitcoin’s 4-year cycle
Consortia framed the breakout against a month-long tug-of-war around $118,000–$120,000, describing how “longs and shorts have been fighting back and forth for market control,” With bulls “slowly but surely” He fought for the win by grinding his way to victory. The tie-up was a good idea. seasonal transition The cheapest way to get out? “summer doldrums,” He expects a positive response to the policy background: “As Wall Street returns from vacation… the Fed is positioned for its first maintenance rate cut in a year as the US economy rebounds.” Markets have priced in an increasingly large September reduction, and this has helped risk assets to rise along with the dollar.
Consorti’s core thesis is that the expansion of this market is different. This is Bitcoin’s longest bull market ever… at 21 months compared to 13 months,” he said, using that duration to pose the key dilemma: “That begs the question, is the 4-year cycle dead? Well, at the very least, the 4-year cycle will be tested in Q4 of this year.”
Related Reading
This is the analysis that he pointed out to viewers. on-chain researcher James Check CheckOnChain offers (Checkmate). “If we see a massive run-up and blow-off top at 4-year end, the theory remains intact… but if not, Bitcoin’s behavior through market cycles has probably changed forever.” Check has written recently that “if there was ever a time for the 4yr Bitcoin halving cycle to break, this market environment is likely it,” It is important to note that veteran analysts on the chain are also preparing for a shift in patterns.
Consorti says that what’s changed is the purchaser base. “Traditional finance capital pools have entered the picture, and they play by different rules.” Bitcoin ETFs were highlighted as the primary conduit by him: “These are purchased by retirees, pension funds, and endowments… These are allocators with no near-term intention of selling. They plan to hold it for years, even decades, and only gradually shave down positions over time.”
He cited Harvard University as an example: “Their endowment purchased 1.9 million shares of iShares Bitcoin Trust, valued at $116.7 million in Q2.” That position—disclosed in a recent 13F—impressively demonstrates the institutional adoption of BlackRock’s IBIT.
Related Reading
Consorti extended their long-horizon argument for treasury adoption: “These are firms holding Bitcoin on their balance sheets with no plan to sell. Ever… the serious players… are permanent fixtures in the market.” It is clear that there has been a change in the market’s structure and speed. “Instead of the violent booms and busts of earlier cycles, we’re seeing something new, which is a consistent uptrend punctuated by periods of consolidation, then rapid expansion, then consolidation again.”
Supply is distributed more to long-term holders, and capital increases. “volatility naturally compresses, but upside doesn’t vanish. It just plays out in longer arcs, with bigger dollar moves and a slower tempo.” Bitcoin has already matured, he said. “beyond its current $2.4 trillion market cap,” Even as he admitted that the fourth-quarter debate will be the crux of the cycle.
“In Q4, that dynamic could be on full display,” Consorti concluded. Consorti concluded. “mix of easing financial conditions, renewed institutional inflows post-summer, and persistent structural demand from ETFs, corporates, and high net worth allocators could set the stage for another leg higher and a banner Q4.” The sign-off of his signature is deliberately non-deterministic. “Only after the fourth quarter of this year will we truly know whether or not the four-year cycle is truly dead and buried… We’ll just have to wait and see.”
BTC was trading at $119.068 as of the time this article went to press.
Featured Image created using DALL.E and chart from TradingView.com
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.newsbtc.com
