The ongoing Bitcoin cycle is different from the past!

The most awaited and most talked about recent BTC halving happened in April this year. There was no shortage of discussion or criticism about it. Many crypto investors or people involved in this regard predicted that the BTC cycle would follow a similar trend. However, it seems as if BTC has managed to reach all-time highs at an alarmingly fast pace. Because we came to the halfway point of last March and saw that the price of Bitcoin had reached an all-time high of $73,000. But expect this year's BTC cycle to be different from others. Because of constant regulatory changes, new developments within the cryptocurrency industry, and new technological developments, the current Bitcoin (BTC) bull run is different from others.

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Historically, BTC bull runs have occurred in rallies. For example if we look closely at the market we can see that the BTC bull run rally is happening first before a halving event, then a pullback post halving, and then another rally to break the previous all-time high. For example if we look at BTC cycles in the past we can see that it took almost a year and a half for the price of BTC to rise from its peak during the second BTC halving in 2016 to its peak in 2017. .

Similarly if we look at the last bitcoin halving period we see a similar phenomenon. The completion of the last Bitcoin halving triggered a bull run that peaked around $64,000 in April 2021. It next reached an all-time high of around $69,000 in November 2021. Historically, Bitcoin's bull cycle has seen a pre-halving rally followed by a post-halving pullback before returning to the previous ATH resistance. In this current cycle, the pre-half rally has taken us straight to ATH resistance. However, we see in every Bitcoin cycle that basically the year following the Bitcoin halving, the price of Bitcoin rises to its maximum height. This accelerated pace can be attributed to a combination of increased institutional adoption, higher mainstream awareness and stronger market infrastructure, which was less pronounced in previous cycles.

If we look at past Bitcoin half cycles this year is different as a major trigger for this year's bull run was the approval of the BTC ETF. To say that this was largely an exception represented what was a watershed moment for the crypto industry. ETFs have provided a new level of legitimacy and accessibility, enabling a wider range of investors to engage in the Bitcoin market than through more traditional investment vehicles. More importantly, BTC ETFs have enabled institutional money to flow not just from the US, but into the global crypto market, placing the country at a much higher level than usual.

Although so far many feel that this year's bullfight has been a poor experience. And many are making bad comments about this on various social media. But many people are giving the opposite opinion. Many feel that this year's BTC cycle is completely different and stronger than other BDC cycles and that the bull market has not yet begun. This is how the market is reacting to the first BTC halving event since the launch of the BTC ETF. But the important point here is that the longer cycle indicates that the cryptocurrency market is definitely maturing and becoming less volatile, especially since the release of the BTC ETF, which has seen much higher levels of institutional adoption for cryptocurrencies.