Bitcoin's Safe-Haven Status Returns, but Cyclical Pattern Hints at Possible Downturn

Bitcoin recently reached a four-month high as investors sought refuge from market volatility, with its correlation to gold nearing a six-year peak. Analysts note that this behavior mirrors gold's role as a store of value, but the four-year cycle theory suggests a bear market bottom could occur around November. The cryptocurrency's price has been volatile, with recent gains possibly short-lived.