Despite the Recent Price Drop, Bitcoin Remains on Track with Its Previous Cycle’s Trends: Van Straten

Bitcoin Follows Familiar Pattern Despite Tariff Volatility

Bitcoin (BTC) continues to chart a course similar to its 2017 cycle, showing remarkable consistency despite recent market turbulence fueled by rising tariff tensions between the U.S. and its global trade partners, including China.

Since the FTX collapse in November 2022, Bitcoin has surged by approximately 525%, closely mirroring its 2017 cycle at the same point, where it had gained 533%. This steady rise signals that Bitcoin is following its typical market behavior, unaffected by recent geopolitical volatility.

To further evaluate Bitcoin’s cyclical performance, one can look at its returns relative to past all-time highs. The last market peak was in April 2021 at around $64,000, although Bitcoin’s nominal high was recorded at $69,000 in November 2021. Despite ongoing global uncertainties, many on-chain indicators suggest that the true top of the cycle occurred in April 2021.

Despite market volatility, Bitcoin has stayed within a $90,000 to $109,000 price range for the past 2.5 months. This consistent range-bound behavior and testing of upper and lower trading limits indicate stability. Additionally, research from CoinDesk previously pinpointed $91,000 as a key local bottom for Bitcoin, suggesting it remains on track in its current cycle despite external challenges.