TechFlow news, January 24 — According to The Block, Glassnode data shows Bitcoin's current price trajectory closely resembles the mid-phase of the 2015–2018 market cycle. Data indicates that Bitcoin has risen approximately 630% from its 2022 cycle low of $15,000, comparable to the 562% gain seen during the same phase of the 2015–2018 cycle.
Bitget analysts speculate that if the 2015–2018 cycle’s growth is repeated, Bitcoin could theoretically reach $1.7 million. However, Bitget Wallet COO Alvin Kan emphasized that the current market environment has fundamentally changed, with increased institutional adoption, clearer regulations, and blockchain technological advancements all influencing Bitcoin's trajectory. Marcin Mazmierczak, COO of RedStone Oracles, also noted that today’s market conditions are vastly different from the past, citing ETFs, mature DeFi ecosystems, and more robust market infrastructure as key distinctions.
