When we assess the price performance of Bitcoin from the cycle low, a remarkable similarity in performance emerges despite wildly differing market conditions. The reason for Bitcoin following such a similar path is a regular topic of debate, but it continues to provide an interesting framework for analysts to think about cycle structure and duration.

Both the 2015-16 🔵, and 2019-20 🟢 periods have traded in an oddly similar manner to the recovery seen in 2023-24 ⚫.

Always DYOR