BTC's Bull-Bear Cycles: A 14-Year Historical PerspectiveSince Bitcoin's inception, the crypto market has experienced four major bull-bear cycles that have defined its trajectory over the last 14 years. This chart provides a detailed analysis of these historical trends, emphasizing the diminishing returns observed during each bull cycle:
2013 Bull Cycle: Bitcoin surged an astonishing 22,700%, marking its first major bull run and firmly establishing itself as the pioneer of the crypto market.
2017 Bull Cycle: The rally reached a 9,879% increase, a substantial gain but less aggressive compared to the earlier cycle.
2021 Bull Cycle: Bitcoin rose 1,614%, signaling further moderation in returns as the market matured.
2024 Market: The ongoing market surge reflects a 571% increase from its bottom, showcasing the continuation of the trend toward diminishing bull cycle returns.
To further contextualize these cycles, we have incorporated a 100-bar RSI indicator on the 3D timeframe, which highlights a consistent pattern of lower highs over Bitcoin's 14-year history. This RSI trend provides critical insights into the market's long-term momentum and strength.
While the numbers have slightly shifted since our previous April 2024 analysis, this updated chart reaffirms the broader trend of diminishing returns and evolving market dynamics. Traders and investors are encouraged to consider these historical patterns when evaluating their strategies in the current cycle.
What do you think about these insights? Your feedback and ideas are welcome!