The post Bitcoin Market Cycles: What History Reveals About BTC’s Future Path appeared on BitcoinEthereumNews.com.

Bitcoin surged over 40% in November and reached a new all-time high, aligning with previous market cycles. Long-term holders have started taking profits, while institutional investors increase their participation through ETF inflows. Bitcoin experienced a significant price surge in November, increasing by over 40% and achieving a new all-time high on November 22. This performance aligns closely with trends observed in previous market cycles, particularly the 2015-2018 and 2018-2022 cycles. In both of these cycles, the price of Bitcoin spiked with an appreciation of 480% and 590%, respectively, at similar times. The current cycle has a remarkable rise of 560%. However, there was a considerable difference in the 2011-2015 cycle, where the growth rate was 29,200% because of the early-stage market and higher volatility. Although the returns have been decreasing in each successive cycle, the length of each cycle has been constant. If the present trend prevails, Bitcoin may appreciate until the end of 2025 and hit $168,000 with a 1,000% rise from the cycle low. Analysts Predict Bullish Continuation With Potential Corrections Crypto analyst Ali Martinez has projected a possible peak of $138,000 in this cycle, though he warns of a sharp correction afterwards. Martinez highlighted Bitcoin’s tendency to follow historical patterns in bull market cycles. In 2017, Bitcoin surged 156% past its previous all-time high before a 39% correction. Similarly, during the 2020 bull run, Bitcoin gained 121% and later declined by 32%. Comparing these trends, Martinez supposes that the current cycle of Bitcoin may repeat the same path. The cryptocurrency has broken through previous record highs and continues to trade above $90,000. According to Martinez’s projections, there is room for the price to climb to $138,000 before a bear market finally sets in. “If history repeats itself, $BTC could go as high as $138,000 before experiencing the…

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Filed under: News - @ November 24, 2024 10:19 am