đ„ The âCycle Troughs to Peaksâ chart gives us an interesting look at the price cycles of #Bitcoin over the years.
Notably, Bitcoinâs current cycle is showing significant similarities to previous cycles, specifically the 2017 and 2021 cycles, at the same point in the cycle. About 600-650 days into the cycle, the current Bitcoin price is sitting at an index of around 4.0, similar to where it was in previous cycles.
History shows that after this point in previous cycles, specifically the 2013 and 2017 cycles, Bitcoin experienced strong price increases. While the past does not always accurately predict the future, this similarity suggests the possibility of a significant price increase in the near future for the current cycle.
However, each person should be cautious and make their own investment plan. Do not go all in. Remember that each cycle has its own characteristics, and external factors can significantly affect the price movement of Bitcoin. đȘđ
