Crypto analytics firm CryptoQuant suggests that Bitcoin's recent price drop is part of a repeating historical pattern. They analyze Bitcoin's UTXO Age Bands to track the distribution of Bitcoin assets and determine that the current correction is the third in a bullish cycle that began in early 2023. Similar corrective phases occurred in the summers of 2023 and 2024, lasting around six months each. These phases were characterized by an upward trend that closed the gap between the 1-3 month and 3-6 month bands, serving as a resistance zone that Bitcoin eventually broke through, leading to renewed bullish momentum. According to CryptoQuant, the ongoing correction could last another two to three months, with Bitcoin trading in the $80,000 to $100,000 range. A break above $100,000 could signal the end of the correction and the start of the next bullish phase, potentially reaching highs of $130,000. Market participants are advised to monitor the premium bands for confirmation of a break above the resistance, which could indicate the start of the next bull market cycle.



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