Even with a Price Dip, Bitcoin Is Staying True to the Patterns of Its Previous Cycle: Van Straten

Bitcoin Follows Familiar Path Despite Tariff Uncertainty and Market Fluctuations

Despite the ongoing market volatility driven by rising tariff tensions between the U.S. and major trading partners, Bitcoin (BTC) continues to closely mirror the price trajectory seen during the 2017 bull market.

From the lows of the FTX collapse in November 2022, Bitcoin has surged by about 525%. This is strikingly similar to the 533% rise Bitcoin experienced at this stage of the 2017 cycle. While these numbers suggest Bitcoin’s path remains consistent, other methods of analysis, such as evaluating price changes from previous all-time highs, also show Bitcoin’s adherence to historical patterns.

Bitcoin’s previous cycle peaked in April 2021 at approximately $64,000, and the all-time high reached $69,000 later that year in November. Many on-chain analysts argue that the market top occurred in April 2021, and it remains the pivotal point of reference for this cycle.

Despite global economic pressures, Bitcoin has displayed remarkable stability, consistently trading within the $90,000 to $109,000 range for the past couple of months. This suggests strong resistance at both ends of this channel, and market analysis by CoinDesk identifies $91,000 as a local bottom, reinforcing the notion that Bitcoin is still in line with previous market cycles.