With the constantly changing market landscape, recent analyses are drawing interesting comparisons to the market trends seen between 2015 and 2018, uncovering significant structural similarities that could hint at substantial growth in the imminent future.
Resemblances to the 2015-2018 Cycle
An intriguing pattern to note is the decreasing pace of price escalation seen in each market cycle. With Bitcoin [BTC] evolving into a multi-trillion-dollar asset, the necessary capital to fuel further expansion has naturally increased, leading to a slower progression in price hikes.
Moreover, downturns in the ongoing cycle have been relatively moderate, typically spanning between 10.1% and 23.6% – echoing the trends witnessed during the 2015-2017 period.
These retracements indicate the consistent and sustained demand for Bitcoin, bolstered by growing institutional interest and its increasing recognition as a significant macro asset.
As the market potentially moves towards a state of euphoria, resembling phases observed in past cycles, Bitcoin’s current positioning suggests that another phase of swift growth could be looming on the horizon soon.