One analyst noted that Bitcoin, despite its current volatility, is still following its cyclical pattern. Bitcoin prices saw a notable rise today, rebounding from weekend declines to surpass $69,000. This recent momentum coincides with discussions about the cyclical nature of Bitcoin and the growing attention being paid to Bitcoin exchange-traded funds (ETFs).
Crypto trader “Coinvo” on X has pointed out a pattern in the price of Bitcoin in different four-year cycles. These cycles have historically resulted in significant parabolic growth, with each cycle characterized by a bottom followed by a rapid rise in prices.
The 2014 to 2017 cycle saw Bitcoin bottom out at $176 and rise rapidly, while the 2018 to 2021 cycle saw similar results starting from a bottom of $3,185. In the 2022-2025 cycle, Bitcoin’s bottom is $15,758 and it has been trending upward since the fourth quarter of 2023.
The analyst's chart suggests that if historical patterns persist, another parabolic rise could be on the cards as we head into 2025. Ultimately, the analyst stressed that Bitcoin is “on track to plan” and that investors need to remain patient in the current market environment.
https://x.com/thecryptobasic
Bitcoin ETF Holdings Explode Ahead of Bitcoin Price
Aside from Bitcoin’s cyclical movements, attention has turned to Bitcoin ETFs, where holdings are said to be surpassing previous highs in Bitcoin prices. Specifically, Capriole Investments founder Charles Edwards noted in an article on X that ETF holdings have surpassed $60 billion. Notably, the surge in ETF demand is seen as an indicator of possible upside price momentum for Bitcoin.
Further supporting this trend, U.S. spot Bitcoin ETFs recently experienced their highest inflows in six months. As reported by The Crypto Basic last week, these ETFs have accumulated nearly 65,000 bitcoins over the past month, equivalent to $4.4 billion in new capital. Specifically, this level of investment has not been seen since April, when the price of Bitcoin exceeded $72,000.
The ETF market faced challenges earlier this year, particularly in May when the value of Bitcoin fell below $56,000, leading to a decline in holdings. However, this trend took a major turn on September 18, as a cut in U.S. interest rates reignited investor interest in crypto assets. Since then, ETF inflows have been steadily increasing, reversing previous bearish sentiment.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not necessarily reflect the opinions of The Crypto Basic. Readers are advised to conduct in-depth research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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