After reaching the highest level ever exceeding $ 100,000, Bitcoin price entered a multi -week landing direction. This correction naturally raised questions about whether Bitcoin is still in line with the 2017 bull cycle. Here we will analyze data to assess the extent of the current basic procedure for Bitcoin to the previous bull markets, and what we can expect after BTC.
Bitcoin prices in 2025 against 2017 bull course
Bitcoin Prices' path since the course decreased It was identified during the Bear 2022 market showed noticeable similarities with the 2015-2017 cycle, which is the bull market that crowned Bitcoin to reach $ 20,000 in December 2017. However, the last Bitcoin represents the first main difference in the 2017 pattern. If Bitcoin is still tracking the 2017 cycle, it must gather to its highest levels ever during the past month, instead, Bitcoin was moving sideways. And retreat, indicating that the link may weaken.
Despite the recent difference, the historical relationship between the current session of Bitcoin and the 2017 session is still amazing. The relationship between the current session and the 2015-2017 session was about 92 % earlier this year. The latter's difference has reduced the link slightly to 91 %, and it is still a very high number for financial markets.
How to repeat the behavior of the Bitcoin Market, the 2017 course patterns
the MVRV ratio It is a major indicator of the investor behavior. It measures the relationship between the current market price of Bitcoin and an average cost for all BTC preserved on the network. When the MVRV ratio rises sharply, it indicates that investors are sitting on large, unrealized profits, a situation that often precedes the market peaks. When the percentage falls towards the achieved price, it indicates that Bitcoin is trading near the average acquisition price for investors, and often represents the bottom stage.
However, the recent decrease in the MVRV ratio reflects the Bitcoin correction of its highest levels ever, however, the MVRV ratio is still structurally for the 2017 cycle with a gathering in the early upward market, followed by multiple sharp corrections, and as such, the link remains at 80 %.
Bitcoin price is linked to the 2017 bull cycle data
One of the possible explanations for the last difference is the effect of delayed data. For example, the bitcoin price has shown a strong relationship with Global liquidityTotal offer of money in the main economies; However, historical analysis shows that the changes in liquidity often take about two months to think about the work of the bitcoin price.
By applying a 30 -day delay in the Bitcoin price for the 2017 cycle, the link increases to 93 %, which will be the highest registered connection between the two sessions. The modified modified pattern indicates that bitcoin can resume the course of 2017 soon, which implicitly means that a large gathering can be on the horizon.
What does the 2017 bull cycle signals mean for bitcoin today?
History may not repeat itself, but it is often rhymes. The current Bitcoin cycle may not make mineal gains similar to 2017, but basic market psychology is still remarkably similar. If Bitcoin resumes its association with the late 2017 cycle, the historical precedent indicates that Bitcoin can recover soon from the current correction, and can follow a sharp upward step.
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Liability: This article is intended for media purposes only and should not be considered financial advice. Always perform your research before making any investment decisions.