Bitcoin (BTC) has been on pause in its bull market for some time now. Although the cryptocurrency hit a new all-time high two weeks ago, it has struggled to maintain bullish momentum for nearly two months.

The contrast to the previous weeks is striking, leaving many investors worried. However, looking at historical trends, there’s little reason for concern.

Bitcoin’s Price Mirrors 2017

Right now, crypto investors are facing significant uncertainty, and this is clearly reflected in Bitcoin’s price movements.

Macroeconomic and geopolitical risks are piling up
The U.S. job market remains strong, while inflation stays high
This increases the likelihood that interest rates will remain elevated for longer
On top of that, Trump’s trade war is putting additional pressure on the markets

These factors have sparked speculation that Bitcoin may have already reached the peak of this bull market. But in reality, Bitcoin is exactly where it should be.

Bitcoin is still 525% above its cyclical low following the FTX collapse in November 2022. This closely mirrors the 2017 cycle, where BTC had risen 533% from the bottom of the bear market at the same stage.

Is the Bitcoin Bull Run at Risk? Past Trends Suggest Otherwise — Source: Glassnode

If history repeats itself, Bitcoin could be on the verge of an explosive rally in the coming months.

Plenty of Optimism for Crypto Investors

Even though Bitcoin’s price isn’t gaining much momentum right now, the fact that it is holding above $90,000—despite unfavorable conditions—is a highly positive sign.

Let’s not forget that a massive shift is happening in the U.S., where crypto is increasingly gaining acceptance.

Some investors are disappointed that a national strategic Bitcoin reserve hasn’t been announced yet, but many fail to recognize the major developments underway:

Serious discussions are taking place about establishing a reserve that includes Bitcoin and potentially other cryptocurrencies
More importantly, clear regulatory frameworks are finally being developed, something the industry has been waiting on for years
The SEC is no longer waging war against the crypto industry
Banks can now seamlessly manage cryptocurrencies for their clients

All these factors provide strong reasons to remain optimistic about Bitcoin’s future.

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Roman Blecha

I have 6 years of writing experience on several leading websites dealing with cryptocurrencies and other investments. I have been in the Web3 sector for a similar amount of time and have collaborated on several projects from NFT to P2E. My previous experiences: Business2Community.com, TradingPlatforms.com, CryptoSvet.cz