- Bitcoin’s current cycle resembles the 2013 and 2020 double-peak pattern.
- Analysts predict another strong upward movement, potentially by 2025.
- South Korea’s FSC considers allowing Bitcoin ETFs, signaling regulatory support for crypto.
Bitcoin’s current bull cycle could bring big gains, as long-term holders anticipate a double peak similar to what we saw in 2013 and 2020.
CryptoQuant’s latest analysis shows that Bitcoin’s price has been following historical patterns, with cycles often featuring two distinct bullish phases. Looking at past trends from 2013 and 2020, the data platform observed that long-term holders scored big profits twice, reaching peaks in both phases of those cycles.
Given the current macroeconomic conditions and the Federal Reserve’s cautious approach to inflation, market experts think we might see this double-peak pattern again. Unlike 2017, which lacked a clear adjustment period, the current cycle seems to align more with the double-peak dynamics of previous years.
Bitcoin’s Bullish Outlook As Liquidity Influx Looms
While the Fed is expected to cut interest rates in November, the size of the cut might be smaller than initially anticipated due to persistent inflationary pressures. This could lead to short-term volatility as investors react to the uncertainty surrounding monetary policy. However, the overall trend remains positive, suggesting Bitcoin could see another upward surge by 2025.
Read also : Fed Hints at Smaller Rate Cut as Inflation Persists
Falling global interest rates also point to a potential influx of liquidity into the market in the coming months. While it may take some time for full liquidity to hit the market, early investor expectations are already driving upward momentum. Analysts suggest that a long-term investment strategy focused on the broader cycle will likely outperform short-term speculation.
Meanwhile, the cryptocurrency scene in South Korea is undergoing a major shift. The Financial Services Commission (FSC) is currently discussing important regulatory measures, including allowing Bitcoin spot exchange-traded funds (ETFs) and enabling the opening of crypto exchange accounts. These moves could create significant opportunities in the virtual asset market, adding to the bullish sentiment around Bitcoin’s future.
Bitcoin’s bull cycle is showing signs of strength, closely mirroring the double-peak patterns of 2013 and 2020. With global interest rates declining and regulatory discussions in South Korea favoring cryptocurrencies, the market appears poised for another potential surge, particularly by 2025. Investors with a long-term outlook may be in the best position to benefit.
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Source: https://coinedition.com/bitcoin-bull-cycle-double-peak-pattern-suggests-further-gains/