Analysts say Bitcoin's 4-year cycle may still hold, with $53.5K downside risk

Analyst Benjamin Cowen argues Bitcoin's four-year cycle remains intact, saying the current midterm-year drawdown closely matches past patterns. On-chain observers highlight BTC trading near the 200-week MA Quantile, while CryptoQuant warns price could revisit the realized price around $53.5K as demand weakened sharply. BTC was around $63K at the time of writing after retesting its February low last week.