📊 Bitcoin Cycle Observation: Comparison of the 162-day wait in this round with the new highs in previous cycles
According to CryptoQuant's analysis data, we can see that 162 days have passed since Bitcoin (BTC) last reached its all-time high (ATH). This time span makes us look back at past cycles, in which the previous two cycles took 209 days and 188 days to reach a new ATH again.
🔍 By analyzing this chart, we can see the fluctuations in Bitcoin prices since 2011, as well as the number of days away from the ATH in each cycle. The chart shows some key periods in Bitcoin's history, including the time when the price pulled back after reaching the ATH and climbed again.
🔑 Comparing historical data, it is clear that Bitcoin fluctuates cyclically. Although the length of time to reach the all-time high (ATH) in each cycle varies, they all show that Bitcoin has the ability to recover from price pullbacks and set new highs.
🚀 At present, Bitcoin has not reached a new ATH for 162 days, becoming an important time node widely watched by investors. If we follow the ATH development pattern in the past, does it mean that Bitcoin is about to enter a new upward cycle and will usher in a new round of bull market at any time?
🤔 However, I want to say that although historical data can provide reference, each market cycle has its own unique macroeconomic background, technological development, market sentiment and regulatory environment, which may affect the future performance of Bitcoin. Therefore, the next few weeks or even before the end of the year will be the focus of our attention in this cycle.
👇Does Bitcoin's current market performance meet your expectations? Do you think that comparing and analyzing historical cycles can help predict the future of Bitcoin? Welcome to tell us your thoughts in the comments section!
