Latest analysis by on-chain analysts: Bitcoin trend repeats historical rhythm, key correction areas exposed

TechDev2025/01/09 07:15

By:TechDev

According to the latest data from on-chain analyst TechDev, the current price trend of Bitcoin presents characteristics that are extremely similar to historical cycles. By comparing historical data from 2005 to 2017 (chart below) with the current market (chart above), a clear trend overlap can be observed, which can be used to infer possible key correction areas in the future.

1. Comparison of historical trends:

The of the chart reviews the historical price trends from 2005 to 2017, showing that Bitcoin has been able to re-enter the upward channel after a significant correction. Similar price patterns have reappeared in the current cycle, indicating that historical patterns may be repeating themselves. The key correction areas (red boxes) are marked near the middle track of the channel and are important signal points for past price adjustments.

2. Formation of an uptrend channel:

The chart above shows that by the end of 2023, the price of Bitcoin broke through the lower band of the channel and entered a new upward cycle. As the price continues to rise along the channel, it is currently approaching the upper-middle band area. History has shown that when approaching the upper-middle band, the price usually enters a short-term adjustment phase to accumulate momentum for the subsequent long-term upward trend.

3. Correction of regional analysis:

The red rectangular box marks the possible "Next Correction" area in the future. Based on historical data, this correction may occur between 2025-2026, consistent with the price trend. This correction may be caused by natural market adjustments and profit-taking, but in the long run, this adjustment usually lays the foundation for a larger increase in the future.

4. Trend amplification signal:

The chart also shows that after the correction area of the past cycle, the price of Bitcoin has started to rise sharply, and the trend of reaching new highs is significant. The repetition of this pattern makes analysts confident about the next bull market, but also reminds investors to be vigilant about the possible short-term violent fluctuations during the correction period.

Based on chart analysis and historical data, on-chain analysts believe that Bitcoin may reach a key correction area in the medium to long-term upward trend in 2025. At that time, the market may usher in a significant price adjustment, which is also seen as an important signal for the main funds to re-enter the market.

Market advice:

1. Short-term attention: Pay close attention to the stress testing near the upper band of the channel and possible correction signs.

2. Long-term layout: The revised bottom may be a good opportunity for investors to build positions in batches, especially as the high consistency between current market trends and historical patterns indicates that higher price targets are still expected to be achieved in the future.

Latest analysis by on-chain analysts: Bitcoin trend repeats historical rhythm, key correction areas exposed image 0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Latest analysis by on-chain analysts: Bitcoin trend repeats historical rhythm, key correction areas exposed

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