SkyBridge Capital founder Anthony Scaramucci said on Tuesday that Bitcoin (CRYPTO: BTC) appears to be following its typical four-year cycle and may be nearing a bottom.
Scaramucci Thinks 4-Year Cycle Is Playing Out
During a conversation with Galaxy Digital CEO Mike Novogratz, Scaramucci said that he remains a “long-term believer” in Bitcoin and believes the asset is following its four-year cycle of accumulation, a bull run and a subsequent bear market.
Scaramucci described the situation as a “self-fulfilling prophecy,” where traders take the cue and start selling to match the expectations.
“So, if the four-year cycle theory holds, Bitcoin doesn’t recover until the early part of the fourth quarter of 2026, possibly into the first quarter of 2027,” he added.
Why Scaramucci Thinks BTC Could Bounce
Scaramucci said he’s tracking the Relative Strength Index, a widely used technical indicator that suggests Bitcoin may be nearing a bottom.
As of this writing, Bitcoin’s RSI was below 30, according to TradingView. When this happens, the asset is considered “oversold” and may be due for an upward price bounce.
Scaramucci previously revealed that over 70% of his net worth is invested in Bitcoin, and has set a $1 million price target for the asset by 2032.
A Consensus Developing?
Scaramucci’s views aligned with those of other market experts who have been observing the recent downturn in Bitcoin’s price.
Lucy Gazmararian, Founder and Managing Partner of Token Bay Capital, stated that the current environment resembles previous mid-cycle bear markets, with a recovery expected by the end of 2026. However, she warned that a failure to recover by the end of the fourth quarter could signal something more serious.
Ali Martinez, an influential cryptocurrency analyst and trader, also leaned toward the possibility of a bottom, identifying $53,900 and $43,150 as key historical zones where "premier accumulation windows" have formed.
Price Action: At the time of writing, BTC was exchanging hands at $61,237.57, up 3.42% in the last 24 hours, according to data from Benzinga Pro.
Photo Courtesy: Al Teich On Shutterstock.com
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