Data shows the current Bitcoin cycle is lining up against the historical ones in terms of the returns that the asset has seen since hitting its bottom.
Previous Bitcoin Cycles Had Similar Returns At This Stage
As pointed out by CryptoQuant Netherlands community manager Maartunn in a post on X, there seems to be a remarkable similarity between the current cycle and the previous ones.
Below is the chart shared by the analyst, which compares the price performance of each Bitcoin cycle, starting with the bottoms of the respective bear phases.
This chart naturally makes use of the assumption that the low observed after the FTX collapse back in November 2022 was the bottom for the current Bitcoin cycle.
From the graph, it’s visible that all three cycles observed relatively close price action for the first 100 or so days after the formation of the respective cyclical lows.
After this point, the cycles showed some divergence. The last cycle, in particular, displayed price action that was si
We współpracy z: https://bitcoinist.com/bitcoin-schedule-profits-line-previous-cycles/
