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Price Prediction

This bitcoin bull cycle does not look like 2017 or 2021

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The Bitcoin price continues to show signs of unification after its highest level ever for more than $ 111,000 registered in May. At the time of this report, the original is traded at 104,851 dollars, a decrease of 0.3 % over the past 24 hours and about 6.3 % less than its last peak.

This period comes from the stability of relative prices amid cautious feelings through the broader encryption market, where analysts study whether the current bull cycle began to change the gears or simply suffer from a temporary stop.

Cryptoquant Crypto Dan has released a comparative analysis of the current and previous market cycles, indicating many distinguished behaviors in the recent procedures of the bitcoin price.

Drawing similarities with the bull in 2017 and 2021, Dan suggests that although there are similarities, the current cycle has developed unique properties. These changes can indicate a different structure in how to operate the market, especially with regard to timing and investor participation.

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Bitcoin courses: 2024-2025 different from historical patterns

According to Dan, previous sessions have seen more predictive corrections and gatherings. In 2017, Bitcoin witnessed relatively short corrections before entering a long march concluded in late December of that year.

The 2021 session, which was affected early from the Covid-19 pandemic, appeared with a longer primary correction before a strong increase in upward. Either way, as soon as Bitcoin gained momentum, corrections became less frequent and shorter in the period.

Bitcoin fired hats.
Bitcoin fired hats. | Source: Cryptoquant

The current cycle, which extends 2024-2025, has so far rotated strong gatherings and a sudden decrease, and often occurs on short time frames.

These patterns have retracted the broader market morale, especially during the periods in which tacque was less than bitcoin performance. Dan assumes that this repeated decline may not be purely membership.

Instead, it can indicate deliberate repression by major players aimed at extending the duration of the tournament and preventing high temperature. If this interpretation continues, the bull cycle may not end with a gradual vaporization, but a sharp rise in the behavior of the Neshori purchase.

Retamentation activity decreases with the leadership of institutions on the market

A separate analysis by BURAK Kesmeci from Cryptoquant focuses on the behavior of retailers because Bitcoin has reached the highest level of $ 111,000 in late May. The data indicates that retail conversion volumes, transactions ranging between 0 and 10,000 dollars, decreased from $ 423 million to $ 408 million.

Bitcoin retail investor invested volume 30D change.
Bitcoin retail investor invested volume 30D change. | Source: Cryptoquant

In addition, the change has slipped for 30 days in the demand for retail to a negative area, as it turned from +5 points to -0.11 points. This reduction in retail activity indicates that smaller investors are still sensitive to short -term volatility, and are retracted from recent prices corrections.

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Kesmeci argues that for the bull cycle to maintain momentum, the continuous participation of the retail sectors is very important. Nowadays, institutional interests appear to be the main source of demand. The difference between the two investors categories may constitute how the next station of the Bitcoin market will develop.

Bitcoin (BTC) price scheme on TradingView
The price of BTC moves up to the graph for two hours. Source: BTC/USDT on Tradingvief.com

A distinctive image created with Dall-E, the tradingView chart

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