Bitcoin mirrors 2017 cycle – Why HODLing might still be your best strategy

• Bitcoin’s worth motion and market construction align with earlier bull cycles.
• Whereas historic tendencies assist a bullish outlook, traders ought to stay cautious of exterior dangers.

Bitcoin’s [BTC] present worth motion mirrors its March 2017 cycle, the place BTC was nonetheless 9 months away from its peak.

If historical past repeats, BTC might enter its subsequent “excessive greed” section by This fall 2025, signaling the ultimate leg of its bull run.

In that case, what’s BTC’s long-term worth goal if this cycle follows previous patterns?

Bitcoin’s RSI alerts a repeat of 2017 cycle

A latest X (previously Twitter) post highlighted that Bitcoin has returned to critically low RSI Bollinger Band % ranges.

When BTC’s RSI Bollinger Band % reaches critically low ranges, it suggests the asset is deeply oversold inside its volatility vary, typically signaling a possible rebound.

This sample is just like what occurred in 2013, 2016, and 2020, simply earlier than Bitcoin reached new all-time highs. 

Notably, RSI Bollinger Bands now mirror 2017, when Bitcoin bottomed under $1,000 earlier than surging 1,500% to $19,086 by This fall.

Supply: X

Nevertheless, at $83,078, BTC’s worth motion stays unsure.

Analysts warn {that a} native backside hasn’t fashioned but, with institutional outflows accelerating and long-term holder supply dropping to pre-election lows – indicators of short-term weak point.

Regardless of this volatility, Bitcoin’s historic cycle patterns stay intact. If historical past repeats, might HODLing nonetheless show to be the very best long-term technique?

Figuring out the following market prime

Whereas a definitive backside hasn’t fashioned, there aren’t any robust alerts of a market prime both. 

FOMO is steadily rising, with trade reserves plunging to a one-year low, reflecting persistent long-term accumulation reasonably than profit-taking.

In reality, regardless of Bitcoin’s 22% pullback from its $109K peak, BTC provide on exchanges continues to shrink – an indication that traders are holding, not promoting.

Supply: CryptoQuant

For Bitcoin to copy its 2017 bull cycle, this accumulation development should persist. If sustained, historic information suggests the market’s true cycle prime might nonetheless be 9 months away. 

Even amid macro uncertainty and inventory market liquidations, BTC has maintained its $77K–$80K vary, reflecting unwavering investor confidence.

Within the close to time period, breaking previous $90K stays the important thing problem. However in the long term, sustained accumulation and rising confidence might push Bitcoin into six-digit territory.