Bitcoin price aligns with past cycles despite correction concerns

Share This Post

Quick Take

There are ongoing debates about whether Bitcoin is now in a bear market or its bull market cycle has ended. However, a closer look at the data from the cycle-low during the FTX collapse, when BTC was around $15,500, shows that Bitcoin has since risen approximately 250%.

Interestingly, this aligns with the patterns of previous cycles. At a similar point in the 2015 to 2018 cycle, Bitcoin increased by 234%. Likewise, in the 2018 to 2022 cycle, Bitcoin was up about 240%. Both these cycles experienced stagnation during the next few months, only to see significant upward movement starting in Q4.

Historically, Bitcoin tends to struggle in the first three to six months following a halving event, which is consistent with current performance. Despite the recent correction, BTC’s trajectory remains on track with past cycles. This pattern suggests that the current market movements are part of a typical cycle rather than an indication of a definitive bear market.

Bitcoin: Price Performance Since Cycle Low: (Source: Glassnode)
Bitcoin: Price Performance Since Cycle Low: (Source: Glassnode)

The post Bitcoin price aligns with past cycles despite correction concerns appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Open Interest Climbs 13% From Recent Low — Bull Run Restart?

After a torrid start to the week, the price of Bitcoin appears to be finally stabilizing and building some bullish momentum On Friday, March 14, the flagship cryptocurrency demonstrated this growing

ETF Weekly Recap: Bitcoin ETFs Lose Almost a Billion Dollars in 5th Successive Week of Outflows

Bitcoin ETFs experienced a net outflow of $9388 million, marking the fifth consecutive week of the outflow trend Similarly, ether ETFs also faced a net outflow of $17843 million, extending their

Is Bitcoin Peak In? This Data Suggests Otherwise, Analytics Firm Says

An analytics firm has explained how the data related to the stablecoins could hint at whether the Bitcoin market top is in or not Stablecoins Have Seen Their Market Cap Touch New Highs Recently In a

A data-driven look at the state of DeFi

The following is a guest post from Vincent Maliepaard, Marketing Director at IntoTheBlock DeFi has emerged as one of the most successful niches in the cryptocurrency industry, pioneering innovative

TRX Short Sellers Face $2M Liquidation, Will Bulls Step In?

The post TRX Short Sellers Face $2M Liquidation, Will Bulls Step In appeared first on Coinpedia Fintech News As the overall cryptocurrency market begins to recover, Tron (TRX) appears bullish, with

Bitcoin Reserve War: Congressman Fights Trump’s Crypto Plans

A Democrat lawmaker has opposed US President Donald Trump’s plan to increase the government’s Bitcoin holdings by creating a strategic reserve House Rep Gerald E Connolly of Virginia urged