W3BStation
Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
03/25/2025

Is Bitcoin Still Following the 2017 Bull Cycle?

Bitcoin (BTC) just went through a significant correction after hitting the $100,000 peak, leaving many investors worried about where the market is headed. Is Bitcoin still tracking the 2017 bull pattern, or has this cycle already broken down? Strong Parallels with the 2017 Cycle According to on-chain analysis, Bitcoin's price pattern in 2025 still shares many similarities with the 2017 cycle. Specifically, the correlation reaches as high as 91% between the two periods, despite the recent pullback. Other key indicators also reinforce this thesis, including the

Is Bitcoin Still Following the 2017 Bull Cycle?

Bitcoin (BTC) just went through a significant correction after hitting the $100,000 peak, leaving many investors worried about where the market is headed. Is Bitcoin still tracking the 2017 bull pattern, or has this cycle already broken down?

Strong Parallels with the 2017 Cycle

According to on-chain analysis, Bitcoin's price pattern in 2025 still shares many similarities with the 2017 cycle. Specifically, the correlation reaches as high as 91% between the two periods, despite the recent pullback.

Other key indicators also reinforce this thesis:

  • The MVRV Ratio (Market Value to Realized Value) shows that Bitcoin is approaching a local bottom zone, similar to the point when BTC staged strong recoveries after corrections in the previous cycle.
  • The liquidity lag effect suggests the market may be in an accumulation phase before another breakout.
  • Institutional capital flows continue moving into Bitcoin, signaling confidence in the asset's long-term trajectory.

What Could Break the Cycle?

While historical data points to strong similarities, today's Bitcoin market has meaningful differences compared to 2017:

  • Macroeconomic conditions: Interest rates, inflation, and broader global economic factors could weigh on BTC's growth momentum.
  • The Bitcoin ETF impact: The approval of spot Bitcoin ETFs could introduce dynamics that differ from anything seen in previous cycles.
  • Market maker influence: Large financial institutions may be able to move Bitcoin's price in ways that have no historical precedent.

Will Bitcoin Keep Repeating the Old Cycle or Break the Pattern?

History doesn't repeat exactly, but it often rhymes. If Bitcoin continues to track the 2017 pattern, a strong recovery could be right around the corner. That said, macroeconomic headwinds and institutional capital flows could make this cycle play out differently than those before it.

Investors should keep a close eye on key indicators and stay cautious before making any trading decisions.

📢 What do you think? Is Bitcoin still running the old cycle, or are we entering a whole new era?