This study highlights that Bitcoin’s price follows a 4-year cycle tied to scheduled halving events . It found that active strategies—buying near these cycles and exiting during "euphoric" phases—often outperform passive holding by capturing post-halving bull runs and limiting bear phase drawdowns.

Research indicates that determining the "good time" to buy Bitcoin involves analyzing protocol-driven cycles (like halvings), technical indicators (like RSI), and intraday timing to minimize costs.

Researchers argue that the Bitcoin halving is the closest event to a company’s "earnings report." The paper suggests entering the market when liquidity is high and a halving event is approaching, and exiting otherwise.