Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bitcoin bull market prelude reproduces "classic correction", on-chain data suggests a strong breakthrough in March

Bitcoin bull market prelude reproduces "classic correction", on-chain data suggests a strong breakthrough in March

CryptoCon2025/01/10 08:25
By:CryptoCon
CryptoCon, an on-chain analyst, shared the latest in-depth analysis of the Bitcoin bull market cycle, pointing out that historical data reveals a noteworthy pattern: each bull market year of Bitcoin begins with a short-term adjustment in the new year, followed by a rapid entry into a strong upward channel.
 
Specifically, 2013, 2017, and 2021 all experienced similar fluctuations at the beginning of the year - a wave of rise followed by a pullback in the first week of the new year, but this adjustment is often short-lived and ends within a month, with March becoming the outbreak point of the rise. The current cycle in 2025 presents a similar trend again: Bitcoin broke through an important level in early January, but recently experienced a downward consolidation.
 
CryptoCon predicts that this round of correction is still a normal phenomenon in historical patterns, with limited adjustment range. The market is expected to usher in a strong rebound that will continue until March. On-chain data also indicates that as the market gradually regains confidence, the main upward trend of the Bitcoin bull market may be brewing. For investors, short-term fluctuations may be an opportunity for long-term layout.
Bitcoin bull market prelude reproduces
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Barclays projects US Fed to deliver 2 rate cuts this 2025

Share link:In this post: According to Barclays, the Fed will cut interest rates twice this year instead of just once because of the unclear trade policy and the weakening U.S. job market. Analysts say that the first rate cut will be in June and the second rate cut in September. Barclays also dropped its growth predictions for Q4/Q4 2025 from 1.5% to 0.7%.

Cryptopolitan2025/03/13 16:22