Bitcoin‘s (BTC) current price movement seems to reflect a striking growth and resilience model that mirrors its past. Experts are observing the repetition of historical bull runs, which could indicate a continued upward trend for BTC.
Historical Trends in Bitcoin
As the market awaits the launch of a spot Bitcoin ETF, it stands at a crucial moment that could reshape investment strategies and reinforce Bitcoin’s importance in the financial system. This scenario could be a combination of sustainable upward trends, regulatory developments, and market dynamics that signal a promising period of growth for Bitcoin.
According to experts, Bitcoin’s price movement appears to parallel previous market cycles. Analyst Ali Martinez suggests that BTC could mirror the bull run observed between 2015 and 2018, as well as the one seen from 2018 to 2022. Analyzing the durations and gains of past upward cycles, Martinez predicts that the next peak could occur around October 2025. For instance, the bull run between 2015 and 2018 saw Bitcoin surge from under $200 to $20,000. Similarly, the 2018-2022 cycle propelled the price of BTC from around $3,100 to $69,000. Martinez stated:
Bitcoin could repeat history… This indicates that BTC still has a 700-day upward momentum ahead of it.
The ETF Scenario in Bitcoin
The potential approval of a spot Bitcoin ETF could be one of the main driving forces behind the next bull market. This pattern has been evident in significant regulatory announcements, such as the launch of CME Bitcoin futures and the IPO of Coinbase, which were followed by the beginning of significant bear markets. An analyst stated:
The markets rallied 2,448% until the day CME Bitcoin futures were listed. That was the peak. An 84% bear market started that day. The same cycle repeated before the listing of Coinbase… On the listing day, the Bitcoin market surged 848%. Bitcoin reached $64,863 that day, and a 76% bear market began. However, ETFs are expected to revolutionize Bitcoin access. Bitcoin buying has evolved from the days of “Bitcoin faucets” to trading on platforms like Kraken and Coinbase. However, most existing exchanges are offshore and lack transparency, which discourages institutional participation.
Unlike futures markets, which have limited impact, Bitcoin ETFs are expected to open up significant new investor pools. The analyst concluded:
This time is different… Although it may not be an auspicious way to start a prediction by saying “this time is different,” I believe it is… The existence of an ETF is a crucial step towards becoming an asset class. When an ETF exists, it means you are effectively open if you have no risk.
