{"id":651154,"date":"2024-11-02T01:00:20","date_gmt":"2024-11-02T01:00:20","guid":{"rendered":"https:\/\/uniquehot.com\/?p=651154"},"modified":"2024-11-01T15:56:55","modified_gmt":"2024-11-01T15:56:55","slug":"tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/","title":{"rendered":"Tracking Bitcoin\u2019s Profit Cycles: Could A New Market High Be Near?"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">Bitcoin price has seen many cycles over the years, marked by distinct growth phases, peaks, and corrections. To better understand these cycles, a CryptoQuant analyst, using the pseudonym \u2018datascope,\u2019 has <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/6724be54127ec65219cb3565-Predicting-Bitcoin-Peaks-with-the-UTXO-PL-Ratio-Model\" target=\"_blank\" rel=\"noopener nofollow\">highlighted<\/a> the relevance of the UTXO Block Profit\/Loss (P\/L) Count Ratio Model.<\/p>\n<p data-pm-slice=\"1 1 []\">This tool offers unique insights into the balance of profitability and losses among Bitcoin market participants, serving as a lens to examine <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-slides-below-70000-key-reasons\/\" target=\"_blank\" rel=\"noopener \">potential price reversals<\/a>.<\/p>\n<p data-pm-slice=\"1 1 []\">By focusing on various moving averages, this model tracks price fluctuations and shows how profitability shifts within the market over time, offering clues about when new <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/is-bitcoin-bull-market-just-beginning-leveraged-bets-suggest-big-moves-are-coming\/\" target=\"_blank\" rel=\"noopener \">market peaks<\/a> might form.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/is-bitcoin-bull-market-just-beginning-leveraged-bets-suggest-big-moves-are-coming\/\" target=\"_blank\" rel=\"noopener \">Is Bitcoin\u2019s Bull Market Just Beginning? Leveraged Bets Suggest Big Moves Are Coming<\/a><\/div>\n<h2 data-pm-slice=\"1 1 []\">Predicting Market Peaks Through Profit And Loss Ratios<\/h2>\n<p data-pm-slice=\"1 1 []\">Datascope\u2019s analysis highlights the significance of short, medium, and long-term trends captured by 7-day, 30-day, and 365-day moving averages.<\/p>\n<p data-pm-slice=\"1 1 []\">This multi-perspective approach is valuable for long-term investors and short-term traders, as it distinguishes between shifts impacting <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-consolidates-near-ath-volume-suggests-a-big-move-ahead\/\" target=\"_blank\" rel=\"noopener \">immediate market movements<\/a> and those affecting longer-term cycles.<\/p>\n<p data-pm-slice=\"1 1 []\">The model demonstrates that changes in the profitability ratio are critical for gauging market sentiment and potential price movements.<\/p>\n<p data-pm-slice=\"1 1 []\">As Datascope explains, a decrease in overall profitability ratios suggests that short- and medium-term trading strategies may now be more practical, responding to a market less defined by extreme long-term price swings.<\/p>\n<p data-pm-slice=\"1 1 []\">One of the key findings from the UTXO P\/L model is the behavior of the 30-day profit and loss ratio relative to the 365-day moving average. Datascope noted that when the 30-day ratio rises above the 365-day average, it could signal a new price peak.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/480777\/quicktake\/f1MNpm_11b019f000790e67ff2d5557285e367c1c3e3886d5b1282b9fbb7e373071296d.png?resize=1280%2C277&#038;ssl=1\" alt=\"Bitcoin UTXO Block P\/L Count Ratio. |\" width=\"1280\" height=\"277\"><figcaption class=\"wp-caption-text\">Bitcoin UTXO Block P\/L Count Ratio. | Source: CryptoQuant<\/figcaption><\/figure>\n<p>In simple terms, crossing short- and long-term profitability lines indicates that investor sentiment is shifting towards more profitable conditions. Price increases have historically followed this occurrence as optimism fuels<a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-open-interest-reduced-by-2-1-billion-in-24-hours-time-for-spot-to-push-the-price\/\" target=\"_blank\" rel=\"noopener \"> further buying pressure<\/a>.<\/p>\n<p>For instance, the analyst pointed out that while economic conditions varied between 2021 and 2022, similar trends were observed in the model during both years, particularly in how the profit and loss ratio used the annual moving average as a resistance line.<\/p>\n<p>Datascope suggests that if the profit and loss metrics consistently stay above the annual average, Bitcoin may be on track to establish new highs.<\/p>\n<h2>Bitcoin Market Performance<\/h2>\n<p>Meanwhile, Bitcoin is seeing an increase in price following a recent correction that led to the asset&#8217;s price falling below $70,000 yesterday.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-to-new-ath\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price To New ATH Soon? Analyst Who Called $72,000 Surge Reveals What Needs To Happen<\/a><\/div>\n<p>Bitcoin currently <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-to-new-ath\/\" target=\"_blank\" rel=\"noopener \">trades for $70,379<\/a>, down by 0.9% in the past day. Before this decrease, the asset experienced a surge, recording a 24-hour of $71,500.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/RUkTRd6V\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">BTC price is moving upwards on the 2-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=OANDA%3AXAUUSD\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price has seen many cycles over the years, marked by distinct growth phases, peaks, and corrections. To better understand these cycles, a CryptoQuant analyst, using the pseudonym \u2018datascope,\u2019 has highlighted the relevance of the UTXO Block Profit\/Loss (P\/L) Count Ratio Model. This tool offers unique insights into the balance of profitability and losses among Bitcoin market participants, serving as a lens to examine potential price reversals. By focusing on various moving averages, this model tracks price fluctuations and shows how profitability shifts within the market over time, offering clues about when new market peaks might form. Related Reading: Is Bitcoin\u2019s Bull Market Just Beginning? Leveraged Bets Suggest Big Moves Are Coming Predicting Market Peaks Through Profit And Loss Ratios Datascope\u2019s analysis highlights the significance of short, medium, and long-term trends captured by 7-day, 30-day, and 365-day moving averages. This multi-perspective approach is valuable for long-term investors and short-term traders, as it distinguishes between shifts impacting immediate market movements and those affecting longer-term cycles. The model demonstrates that changes in the profitability ratio are critical for gauging market sentiment and potential price movements. As Datascope explains, a decrease in overall profitability ratios suggests that short- and medium-term trading strategies may now be more practical, responding to a market less defined by extreme long-term price swings. One of the key findings from the UTXO P\/L model is the behavior of the 30-day profit and loss ratio relative to the 365-day moving average. Datascope noted that when the 30-day ratio rises above the 365-day average, it could signal a new price peak. In simple terms, crossing short- and long-term profitability lines indicates that investor sentiment is shifting towards more profitable conditions. Price increases have historically followed this occurrence as optimism fuels further buying pressure. For instance, the analyst pointed out that while economic conditions varied between 2021 and 2022, similar trends were observed in the model during both years, particularly in how the profit and loss ratio used the annual moving average as a resistance line. Datascope suggests that if the profit and loss metrics consistently stay above the annual average, Bitcoin may be on track to establish new highs. Bitcoin Market Performance Meanwhile, Bitcoin is seeing an increase in price following a recent correction that led to the asset&#8217;s price falling below $70,000 yesterday. Related Reading: Bitcoin Price To New ATH Soon? Analyst Who Called $72,000 Surge Reveals What Needs To Happen Bitcoin currently trades for $70,379, down by 0.9% in the past day. Before this decrease, the asset experienced a surge, recording a 24-hour of $71,500. Featured image created with DALL-E, Chart from TradingView &nbsp;<\/p>\n","protected":false},"author":580,"featured_media":651174,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,629,680,6848,1119,78790,6664,10923],"class_list":["post-651154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-market","tag-bitcoin-price-analysis","tag-bitcoin-price-prediction","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market"],"acf":[],"yoast_head":"\n<title>Tracking Bitcoin Profit Cycles: Could A New Market High Be Near?<\/title>\n<meta name=\"description\" content=\"Bitcoin price has seen many cycles over the years, marked by distinct phases of growth, peaks, and corrections. To better understand...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tracking Bitcoin Profit Cycles: Could A New Market High Be Near?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price has seen many cycles over the years, marked by distinct phases of growth, peaks, and corrections. To better understand...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-02T01:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-01T15:56:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Tracking Bitcoin\u2019s Profit Cycles: Could A New Market High Be Near?\",\"datePublished\":\"2024-11-02T01:00:20+00:00\",\"dateModified\":\"2024-11-01T15:56:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/\"},\"wordCount\":482,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024\",\"keywords\":[\"bitcoin\",\"bitcoin market\",\"Bitcoin price analysis\",\"bitcoin price prediction\",\"btc\",\"BTCUSDT\",\"crypto\",\"crypto market\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/\",\"url\":\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/\",\"name\":\"Tracking Bitcoin Profit Cycles: Could A New Market High Be Near?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024\",\"datePublished\":\"2024-11-02T01:00:20+00:00\",\"dateModified\":\"2024-11-01T15:56:55+00:00\",\"description\":\"Bitcoin price has seen many cycles over the years, marked by distinct phases of growth, peaks, and corrections. To better understand...\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024\",\"width\":1024,\"height\":1024,\"caption\":\"Tracking Bitcoin Profit Cycles: Could a New Market High Be Near?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tracking Bitcoin\u2019s Profit Cycles: Could A New Market High Be Near?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Tracking Bitcoin Profit Cycles: Could A New Market High Be Near?","description":"Bitcoin price has seen many cycles over the years, marked by distinct phases of growth, peaks, and corrections. To better understand...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/","og_locale":"en_US","og_type":"article","og_title":"Tracking Bitcoin Profit Cycles: Could A New Market High Be Near?","og_description":"Bitcoin price has seen many cycles over the years, marked by distinct phases of growth, peaks, and corrections. To better understand...","og_url":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-11-02T01:00:20+00:00","article_modified_time":"2024-11-01T15:56:55+00:00","og_image":[{"width":1024,"height":1024,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Tracking Bitcoin\u2019s Profit Cycles: Could A New Market High Be Near?","datePublished":"2024-11-02T01:00:20+00:00","dateModified":"2024-11-01T15:56:55+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/"},"wordCount":482,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024","keywords":["bitcoin","bitcoin market","Bitcoin price analysis","bitcoin price prediction","btc","BTCUSDT","crypto","crypto market"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/","url":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/","name":"Tracking Bitcoin Profit Cycles: Could A New Market High Be Near?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024","datePublished":"2024-11-02T01:00:20+00:00","dateModified":"2024-11-01T15:56:55+00:00","description":"Bitcoin price has seen many cycles over the years, marked by distinct phases of growth, peaks, and corrections. To better understand...","breadcrumb":{"@id":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024","width":1024,"height":1024,"caption":"Tracking Bitcoin Profit Cycles: Could a New Market High Be Near?"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Tracking Bitcoin\u2019s Profit Cycles: Could A New Market High Be Near?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Tracking Bitcoin\u2019s Profit Cycles: Could A New Market High Be Near?","url":"http:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/bitcoin-news\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin market","bitcoin price analysis","bitcoin price prediction","btc","btcusdt","crypto","crypto market"],"dateCreated":"2024-11-02T01:00:20Z","datePublished":"2024-11-02T01:00:20Z","dateModified":"2024-11-02T01:00:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Tracking Bitcoin\\u2019s Profit Cycles: Could A New Market High Be Near?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/bitcoin-news\\\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/bitcoin-news\\\/tracking-bitcoin-profit-cycles-could-a-new-market-high-be-near\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/DALL\\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/DALL\\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin market\",\"bitcoin price analysis\",\"bitcoin price prediction\",\"btc\",\"btcusdt\",\"crypto\",\"crypto market\"],\"dateCreated\":\"2024-11-02T01:00:20Z\",\"datePublished\":\"2024-11-02T01:00:20Z\",\"dateModified\":\"2024-11-02T01:00:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-01-16.51.28-A-digital-illustration-tracking-Bitcoins-profit-cycles-hinting-at-the-potential-for-a-new-market-high.-The-image-features-the-Bitcoin-symbol-promine.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/651154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=651154"}],"version-history":[{"count":3,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/651154\/revisions"}],"predecessor-version":[{"id":651178,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/651154\/revisions\/651178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/651174"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=651154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=651154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=651154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}