Bitcoin crossed the $100K mark in December and peaked at $109K on January 20, 2025. However, since then, $BTC has seen a significant decline, raising concerns among investors. The silver lining? Bitcoin has maintained a solid support above the $70K mark and is currently in a strong consolidation phase.
Bitcoin’s 2025 and 2017 Likeness
At the beginning of the year, many speculated that the current $BTC cycle would mirror the bullish cycle from 2015-2017. Despite some divergence, the correlation remains strong. In fact, the two cycles share a 91% correlation, indicating potential for fresh highs in the upcoming months. After a sluggish period, Bitcoin is once again approaching the $90K mark, a promising sign for investors.
Divergence May Be Caused by Data Lag
The recent price divergence can be attributed to a lag in the data reflecting Bitcoin's prices. Historically, $BTC shows a strong correlation with global liquidity, but with a two-month lag. Adjusting the 2017 prices back by 30 days reveals a 93% correlation, suggesting Bitcoin may soon realign with its historical trends. Moreover, the MVRV data indicates an 80% correlation with the 2017 cycle, with the current MVRV score at 1.83, significantly lower than its peak of 3.1 in January. This means investors are seizing the downtrend as an opportunity to accumulate Bitcoin.
Top Cryptos to Buy
With the 2017 cycle theory still intact, combined with a supportive government stance towards crypto, Bitcoin is gearing up for another bull run. Here are some promising cryptos to consider adding to your portfolio:
1. BTC Bull Token ($BTCBULL)
Bitcoin leads the crypto market, and positioning yourself for its rally makes sense. The BTC Bull Token ($BTCBULL) offers a cost-effective way to invest in Bitcoin, allowing holders to earn free $BTC every time Bitcoin hits new milestones. The project has raised nearly $4M in its presale, with a token price of just $0.00242.
2. Meme Index ($MEMEX)
For those hesitant about investing in crypto, the Meme Index ($MEMEX) offers a diversified approach to meme coin investing, similar to stock market indexes. Early investors can benefit from 553% staking rewards with a presale price of $0.0166883.
3. SPX6900 ($SPX)
The SPX6900 ($SPX) combines meme coin appeal with the traditional S&P 500 index. With a market cap of over $460M, it has shown remarkable returns. Currently trading at $0.4961, it has gained nearly 30% in the last week.
With a Bitcoin-powered rally on the horizon, now is the perfect time to invest in trending cryptos. However, always remember that the crypto market is inherently volatile and unpredictable, so invest wisely and perform thorough research before making any commitments. This article is for informational purposes only and does not constitute financial advice.
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