This Bitcoin Cycle Theory Puts $350K in Focus Before the Next Crash

Crypto analyst Matthew Hyland expects Bitcoin to exceed $250,000 this cycle and says a later 70% bear market would need a peak of $350,000 or more, even though BTC trades near $82,000 today. The case rests on a theory that this cycle runs eight years instead of four, which would put the top in 2028 and push the real downturn years out. The Case for an Eight-Year Cycle In a set of posts on X, Hyland pointed to a chart first shared on June 26 showing that the 2022-2026 stretch of bearish macro conditions, meaning the broader economic backdrop for risk assets, lasted twice as long as the 2014-2016 and 2018-2020 stretches. Bitcoin’s cycle follows that backdrop, in the analyst’s view, so it stretched by the same factor.

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