Ark Invest: From the perspective of cyclical patterns, this BTC bull run cycle is already in the later stage.

【Ark Invest: According to cyclical patterns, the current BTC bull run cycle is already in the later stages】Ark Invest recently stated in its Q3 Bitcoin Quarterly that in the past two Halving cycles, Bitcoin peaked about 530 days (around 18 months) after the Halving date. The peaks in the previous two cycles occurred in December 2017, with a price of $19,587; and in November 2021, with a price of $67,589. April 20, 2024, is the date of the most recent Bitcoin Halving, which is nearly 18 months ago, indicating that at least from a cyclical perspective, the current BTC bull run cycle is already in the later stages.