Previous Bitcoin Cycles Analyzed, New Peak Emerges for BTC Price – Pay Close Attention to This Level

Cryptocurrency analysis company Alphractal, in its new statement evaluating Bitcoin’s long-term price movements, pointed out that BTC takes on a more mature and consolidated structure with each new cycle.

According to Alphractal’s analysis, Bitcoin historically reaches cycle peaks at multiples of the 2-year moving average (2Y SMA), but these peaks occur at lower multiples with each new cycle, indicating that the market is maturing and volatility is decreasing.

• The company summarized the peaks in past cycles as follows:
• In the early periods, Bitcoin peaked at 2Y SMA ×15 levels.
• In 2017, this multiplier dropped to 10.
• In the 2021 cycle, there was a decline first to ×5, then to ×2.65 levels.
• In the most recent cycle, Bitcoin failed to re-exceed the 2.65 multiplier, suggesting that gains are narrowing and the market is becoming more stable.

Alphractal noted that the current 2Y SMA ×2.65 level is around $159,000, adding that this level will be a significant resistance point if Bitcoin gains momentum.

Finally, the company stated, “Although gains are more narrowly realized, the potential to move well beyond the 2-year average in each cycle is still live, indicating continued long-term strength in the market.”

*This is not investment advice.

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