Bitcoin (BTC) continues to follow the course for its 2017 cycle. Despite the recent market turbulence, driven by escalating customs tension between the United States and its neighboring countries, as well as China.

Bitcoin remains approx. 525% from its cycle low during the FTX cohabitation in November 2022. Compared to the same step in the 2017 cycle, Bitcoin had risen 533%.

While another method of evaluating Bitcoin’s cyclic behavior is measuring returns from previous all-time highs. The last cycle market stop took place in April 2021 at approximately $ 64,000, although Bitcoin’s High in November 2021 was nominally $ 69,000 in November 2021.

However, many on-chain indicators suggest that April 2021 marked the real top of the cycle. Despite ongoing geopolitical tensions, Bitcoin has shown a remarkable consistency in the tracking of previous bikes.

In addition, Bitcoin (BTC) has remained range within a $ 90,000 to $ 109,000 channel in the last 2.5 months, even in the midst of increased market volatility. Bitcoin continues to test both the upper and lower limits of its current trading channel.

Meanwhile, former Coindesk research identified $ 91,000 as a local base for Bitcoin.