Bitcoin’s fourth market cycle continues despite notable price swings, maintaining trading levels around $107,670. Analysts highlight persistent bullish signals within this ongoing cycle, suggesting potential for further upward movement.
Historical data underscores a recurring pattern: previous Bitcoin cycles exhibited explosive growth phases, yielding gains between 2,000% to 50,000%. These substantial rallies were typically followed by deep corrections. The persistence of bullish indicators within the current cycle has fueled expert predictions of continued upside potential.
Current trading volume presents a notable divergence, contracting significantly compared to earlier cycles. This reduction in volume indicates diminished market liquidity, a factor recognized as a potential constraint on Bitcoin’s upward momentum.
Further analysis of historical cycles reveals protracted periods for both bear and bull markets. Past bear markets averaged approximately 395 days in duration, while subsequent bull runs often extended beyond 1,000 days. This temporal pattern bolsters the view that the current bullish phase may have considerable room to run.
The trajectory of Bitcoin’s price hinges on several critical factors. Technical resistance near the $109,000 level is viewed as a major hurdle, alongside broader macroeconomic conditions influencing overall market sentiment and direction.