Bitcoin has grown by a record 357% since reaching its lowest value

Cryptocurrency market analysts are studying the dynamics of the bitcoin exchange rate, especially in light of the current price indicators. A well-known blogger and expert Lark Davis has analyzed Glassnode data.

The expert noted that the price of the flagship cryptocurrency has increased by 356.76% from the lowest point of the current cycle. This is almost identical to the values of previous periods: from 2015 to 2018, this figure for the same time period was 351.96%, and from 2018 to 2022 — 361.01%.

This coincidence in price dynamics has aroused the interest of numerous analysts and investors. Historically, the BTC $64,439.87 Mezo Wrapped BTC 0.56% Market capitalization $76.68 million VOL. 24 hours $0.82 billion rate has shown significant growth after periods of stagnation, as evidenced by the data of the current and previous cycles. The current rate of 356.76% also indicates that BTC is on the «right track» and its market behavior is following past trends.

Many users have commented that the current bitcoin cycle will continue to follow a similar trajectory to previous ones.

However, such coincidences are not a guarantee of future results, but can be an important indicator for long-term investors. Comparing the current data with historical data shows that bitcoin continues to be a resilient asset despite market volatility and uncertainty.