Crypto Analyst Warns: This Bitcoin Bull Cycle Looks Nothing Like 2017 or 2021
Bitcoin's price is consolidating after reaching an all-time high of over $111,000 in May, currently trading at $104,851, down 0.3% in the last 24 hours and 6.3% below its peak. Analysts are assessing whether the current bull cycle is pausing or shifting. A comparative analysis by Crypto Dan highlights unique characteristics in the 2024–2025 cycle, differing from previous cycles in 2017 and 2021, which had more predictable corrections and rallies. The current cycle features alternating strong rallies and sudden declines, potentially influenced by large players aiming to extend the cycle. Retail investor activity has declined since May, with transfer volumes dropping from $423 million to $408 million, indicating sensitivity to volatility. Institutional interest is currently driving market demand, raising concerns about the sustainability of the bull cycle without retail participation.
