![](https://public.bnbstatic.com/image/pgc/202405/151dcf15a96811e06d36a842bc05f25e.png)
#BTCUSD Analysis
Bitcoin Market Cycles Overview
We can observe the four major market cycles for Bitcoin since its inception:
Cycle 1 (2012)
Cycle Top: $31
Cycle Bottom: $2
Cycle 2 (2015-16)
Cycle Top: $1,242
Cycle Bottom: $160
Cycle 3 (2019)
Cycle Top: $19,800
Cycle Bottom: $3,000
Cycle 4 (2024)
Cycle Top: $68,900
Cycle Bottom: $15,500
As we approach 2024, we anticipate the next cycle top. With the upcoming halving, market dynamics are expected to shift significantly.
🔍 Key Levels to Watch:
Current Price: $62,908.29
Resistance: $70,204.75
Support: $46,803.17
Stay updated for more insights and projections!