Bitcoin is currently a Bitcoin.BTCThe market cycle () is “dramatically” Alex Thorn is the director of research for investment firm Galaxy. He believes that the cycle has been weaker than any previous three cycles.
Thorn price comparison since April 2024 Bitcoin halving In comparison to the cycles that were triggered in 2016, 2012 and 2020, this cycle has a significantly reduced volatility and upside. The all-time high above $125,000 The price of a halving in 2025 on October 5, 2025 is only 97 percent higher than the current 2024 half-price, which was around $63,000.
BTC’s price grew by 9,294% over the halving cycles of 2012 and 2016, reaching an all-time high of $1,163. It also climbed by 2,950% in 2016 to reach a peak of $19,891. In 2020, the price increased by about 761%.
“Cycle four is dramatically underperforming prior cycles,” Thorn said Asking in a X post “Is this the new normal, or is it the new normal until it isn’t?”
This suggests that BTC is becoming less volatile with each successive halving. BTC may be influenced much more by factors other than the BTC price. the four-year cycle Market theory
In the current cycle of Bitcoin volatility, the 30-day index hasn’t been higher than 3.11%, last seen on August 24, 2024. According to Bitbo, at last glance, Bitbo’s latest estimate of the 30-day volatility gauge was 1.75%. data.
Related: Bitcoin bull run ‘still too early’ to call as demand lags exiting capital: Analyst
The current performance of the cycle is viewed by critics as ignoring the pre-emptive all-time peak before 2024’s half.
BTC reached BTC was then the all-time high above the $70,000 level in March 2024 — one month before the April 2024 halving.
You can also find out more about the following: approval of spot Bitcoin exchange-traded funds In January 2024, the main catalyst of the price spike was (ETFs), which were introduced in the United States.
Thorn’s critics claim this historical anomaly that BTC reached a record high just before halving the currency distorted current price trends. said.
Bitcoin withdrawals are also available. become less severeFidelity Digital Assets reports that volatility is down.
According to Zack Wainwright of Fidelity Research, previous Bitcoin bear markets saw declines of between 80%-90 %.
However, Bitcoin’s crash to $60,000 Fidelity’s analysis showed that the decline from $125,000 to its all-time low represents just over 50%.
Jan van Eck of VanEck asset management, the CEO, stated in March 2017 that Bitcoin is a currency. close to bottoming out He expects that the price will begin to rise again gradually in 2026.
According to TradingView, at last glance, the largest crypto traded for about $74,703, an increase of almost 5% over the past seven days.
Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt
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Source: cointelegraph.com
