Why Bitcoin Can’t Be Explained By A Single Economic Cycle

Bitcoin’s price is often framed as the result of one dominant factor, whether it’s the halving cycle, macro liquidity, or speculative demand, and this view misses the deeper reality of how the asset actually trades. BTC exists within a complex economic environment where multiple forces act simultaneously, each influencing price in different ways.
When Bitcoin Cycles And Macro Cycles Overlap
Multiple interacting processes shape Bitcoin and the broader business cycle, and the dynamics