Bitcoin’s market cycles are cyclical, with each cycle having its own highs and lows. The past three market cycles have seen Bitcoin rise from $50 to $1,300, $1,000 to $20,000, and $20,000 to $70,000. The current market cycle is still heating up, with indicators such as Google Trends showing an acceleration in price discovery.
With no one selling their Bitcoin and increasing buyer interest, Bitcoin is expected to continue its upward trend.
