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Bitcoin News
Analyst Willy Woo warned that the next crypto bear market could be driven by a business cycle downturn never before experienced in digital asset markets. The last significant business cycle contractions occurred in 2008 and 2001, before Bitcoin was invented, Woo stated on Monday.
Previous market cycles have been influenced by two overlapping patterns, Woo explained. Bitcoin halving events occur every four years, while central banks inject M2 money supply debasement in similar four-year cycles, with both factors superimposing on each other.
However, the upcoming bear market will be defined by the business cycle that many market participants overlook, Woo noted. A business cycle downturn during this era will test how Bitcoin performs, raising questions about whether it behaves like tech stocks or gold during economic contractions.$BTC #AreYouBullishOrBearishToday? #OctoberMarketPrediction #OctoberMarketPrediction #SpotETFApprovalUpdates #OctoberRateCutForecast