Top Crypto to Buy as Current Bitcoin Bull Cycle Mirrors 2017’s Bull Run – Time for Another Rally?
The post Top Crypto to Buy as Current Bitcoin Bull Cycle Mirrors 2017’s Bull Run – Time for Another Rally? appeared on BitcoinEthereumNews.com.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin crossed the $100K mark in December and made a fresh high of $109K on January 20, 2025. Since then, $BTC has declined considerably, which has had investors worried. One good piece of news, however, is that the asset hasn’t closed below the $70K mark and is currently in a strong consolidation phase. Read on as we hunt for clues on Bitcoin’s upcoming movement and discuss the top crypto to buy. Bitcoin’s 2025 and 2017 Likeness At the start of the year, there were a lot of talks about how the current $BTC cycle is mimicking the 2015-2017 Bitcoin bullish cycle. However, the current divergence has derailed that correlation a bit. If the cycles were meant to be identical, Bitcoin should have rallied in the past month, possibly making new highs. The question, therefore, is whether the 2017 cycle theory still holds. Well, even after the recent downward movement, the correlation between the two cycles is still 91%, which is just 1% less than what it was earlier. 91% is still a very high degree of correlation, which means we may see fresh highs in the next few months. After a sluggish few weeks, Bitcoin has started marching towards the $90K mark again, which is a positive sign. Divergence May Be Caused by Data Lag A reason for this price divergence may be the lag in data reflection in Bitcoin prices. Historically, $BTC shows a strong correlation with global…
Filed under: News - @ March 22, 2025 12:19 pm