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

Crypto Trading Bots Can Now Be Developed in Hours With SoftMine’s AI Software Dev Tool

This content is provided by a sponsor Crypto is a world of cycles – From the market peaks and troughs, to the shifts in investor tastes, we truly reside in a cyclical environment Each and every

How to Buy JetBolt ($JBOLT) – The Updated Detailed Guide

The post How to Buy JetBolt ($JBOLT) – The Updated Detailed Guide appeared first on Coinpedia Fintech News Looking for the next game-changer in crypto The rising altcoin star JetBolt ($JBOLT)

3 Reasons FXGuys Is the Next Big Crypto To Outshine Solana and TRON (TRX)

The post 3 Reasons FXGuys Is the Next Big Crypto To Outshine Solana and TRON (TRX) appeared first on Coinpedia Fintech News The next big crypto to outshine giants like Solana (SOL) and TRON (TRX) has

Steak ‘n Shake Teases Bitcoin Payments Again

On March 7, fast food chain Steak ‘n Shake posted a question on X asking, “Should Steak ‘n Shake accept bitcoin” The post received a slew of responses from many well-known

Crypto Millionaire Who Grew His Portfolio 17000% with Dogecoin and Floki Inu Names 5 Undervalued Coins Set to Pump In 2025

The post Crypto Millionaire Who Grew His Portfolio 17000% with Dogecoin and Floki Inu Names 5 Undervalued Coins Set to Pump In 2025 appeared first on Coinpedia Fintech News Spotting the next major

Crypto Market Falls 28% – Here’s Why Smart Money Is Buying the Dip

The post Crypto Market Falls 28% – Here’s Why Smart Money Is Buying the Dip appeared first on Coinpedia Fintech News The digital asset landscape has experienced a notable 28% contraction from