$DOGE View: $SOL The top of the Bitcoin cycle may be closer than expected}#大曝光

According to CryptoPotato, how close is the current “Bitcoin cycle” to the peak of the bull market? History suggests it may be closer than most people think. Glassnode chief analyst James Check on Monday presented a chart comparing Bitcoin (BTC) price action over the past three years to that of other Bitcoin eras after hitting their respective all-time highs.

According to Check’s measurements, Bitcoin is actually in the same position as it was in December 2020. At the time, the asset had just surpassed its all-time high of $19,600 set on December 12, 2017, and after a 36-month wait, surged to $64,000 within a few months.

Bitcoin is in a very similar position today: some 35 months after peaking in April 2021, the asset rallied to a high of $74,000 in March 2024. It even experienced a brief correction last week as long-term holders took money off the table, which was reminiscent of the 20% to 30% price corrections seen in previous cycles.