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

With 89% Chances of an ETF Approval, Will SOL Price Reach $160 This Month or Drop Back to $120?

The post With 89% Chances of an ETF Approval, Will SOL Price Reach $160 This Month or Drop Back to $120 appeared first on Coinpedia Fintech News Solana is becoming more popular nowadays with the

Dogecoin Price Registers Deviation From Macro Channel, Analyst Sets $6 Target

Dogecoin has faced continued selling pressure, losing the $017 support level in the past 24 hours This price decline comes amid broader market decline, which has seen the meme coin also struggling to

Evaluating New Crypto Coins: Do XYZVerse, Pi Network, Sui, and Sei Stand a Chance of Breaking Into the Crypto Top 10?

The post Evaluating New Crypto Coins: Do XYZVerse, Pi Network, Sui, and Sei Stand a Chance of Breaking Into the Crypto Top 10 appeared first on Coinpedia Fintech News New digital currencies are

Ethereum Struggles Below $2K as Bitcoin Recovers—Will ETH Catch Up?

The cryptocurrency market has witnessed diverging performances between its two largest assets, Bitcoin (BTC) and Ethereum (ETH) While Bitcoin has shown signs of recovery, gaining 38% over the past

SHIB Holder Predicts ‘Big Pump’ for Shiba Inu Price in 2025, But These 3 Tokens Will Soar 4500% First

The post SHIB Holder Predicts ‘Big Pump’ for Shiba Inu Price in 2025, But These 3 Tokens Will Soar 4500% First appeared first on Coinpedia Fintech News Renowned SHIB holder has lately forecast

Solana Holders Look to This New $0.02 Crypto Set to Surge as SOL Falls Under $100

The post Solana Holders Look to This New $002 Crypto Set to Surge as SOL Falls Under $100 appeared first on Coinpedia Fintech News As Solana (SOL) struggles to maintain its value above the critical