2024-9-7 03:00 |
Onchain Highlights
DEFINITION: Bitcoin price performance since cycle low
Bitcoin’s price has demonstrated varying degrees of performance across several cycles, with 2022 marking a significant comparison point for assessing recovery trends.
Notably, the 2011 to 2015 cycle saw a sharp rise from cycle lows, as prices surged dramatically during that period. The 2015 to 2018 cycle reflected strong growth, although it ultimately settled lower than its peak, demonstrating the long-term volatility within the market.
The ongoing 2022 cycle, delineated in black in the chart below, indicates a slower yet steady recovery compared to previous cycles. In comparison, the 2018 to 2022 cycle, illustrated in green, exhibited a more tempered price increase. This indicates a general cooling off in the degree of gains as market maturity increases.
Observing the relationship between these cycles suggests that while Bitcoin still experiences growth, the market’s overall volatility may be gradually subsiding in recent years as it becomes more institutionalized.
Bitcoin: Price Performance since cycle low: (Source: Glassnode)The post Bitcoin recovery trends show steady growth amid declining volatility appeared first on CryptoSlate.
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