Bitcoin price action is beginning to mirror BTC’s 2015-2017 pre-bull market cycle
1 min read
A recent report by the research firm Delphi Digital illustrates the predictable consistency of price action and trends within the crypto market. The
The crypto market reflects an optimistic outlook, with some red flags
Delphi’s analysis provides compelling evidence that the crypto market operates within cyclical patterns that mirror broader economic changes. The report’s prediction of a new all-time high by the fourth quarter of 2024 aligns with historical halving patterns. This timing, coupled with the state of indicators like the ISM and expectations of renewed liquidity cycles, strengthens the argument for a cycle akin to the one seen in 2015-2017.
The upcoming Bitcoin Halving in 2024 further adds credence to their expectations of a possible bull market by the fourth quarter of that year. While the analysis is not without its risks and uncertainties, the overall outlook for the cryptocurrency market in the next 12-18 months appears promising, given the stacking catalysts and historical precedent.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
